European companies cut jobs as economy sputters

Dec 5 (Reuters) – (This Nov. 3 story has been corrected to fix sourcing on KPMG in ‘OTHER’ section)
The highest inflation for decades and the impact of war in Ukraine have forced companies across Europe into layoffs or hiring freezes.
Here are some of the companies that have announced cuts since June:
* AUTOLIV : the Swedish airbag and seatbelt maker said on June 8 it plans to cut around 8,000 jobs. On Oct. 30 it decided to lay off 320 employees in France as part of the plan.
* CONTINENTAL (CONG.DE): the automotive parts supplier said in November it would cut thousands of jobs in its automotive division worldwide.
* JOHNSON MATTHEY (JMAT.L): the British autocatalyst maker said on Nov. 22 it would cut about 600 jobs in support functions.
* MICHELIN (MICP.PA): the French tyre maker on Nov. 28 said it would cease operations at its Karlsruhe, Trier and Homburg sites in Germany by end-2025, affecting 1,532 jobs.
* STELLANTIS (STLAM.MI): the carmaker said on June 28 it planned to close its mechanical gearbox plant in Austria, impacting 300 jobs.
* VOLKSWAGEN (VOWG_p.DE): the German automaker said on Oct. 27 it intended to cut 2,000 jobs at its troubled software unit Cariad.
* ANHEUSER-BUSCH INBEV (ABI.BR): the brewer will lay off hundreds of corporate staff in the U.S., CNN reported on July 27.
* CARREFOUR (CARR.PA): the French retailer said on June 26 it could cut up to 979 jobs in France on a voluntary basis.
* ELECTROLUX (ELUXb.ST): the Swedish home appliances maker on Oct. 27 said actions aimed at stepping-up cost reductions and simplifying the organisation would affect 3,000 jobs.
* HALEON (HLN.L): the Sensodyne toothpaste-maker is looking to cut hundreds of jobs in Britain and worldwide, the Guardian reported on July 13.
* HUSQVARNA (HUSQb.ST): the Swedish garden equipment and tools maker said on Oct. 20 it would cut about 300 positions, adding to the 1,000 job reduction plan announced in Oct. 2022.
* ALSTOM (ALSO.PA): the French train maker said on Nov. 15 it aimed to cut about 1,500 staff to help meet its mid-term targets.
* TATA STEEL (TISC.NS): the Dutch division of the Indian steel maker said on Nov. 13 it would cut around 800 jobs at its IJmuiden plant to increase profitability.
* IG GROUP (IGG.L): British online trading platform said on Oct. 31 it would cut 10% of its headcount as part of cost-saving measures.
* NOKIA (NOKIA.HE): the Finnish telecom gear group said on Oct. 19 it would cut up to 14,000 jobs as part of a new cost savings plan.
* TELEFONICA (TEF.MC): the telecom operator seeks to cut around 5,100 jobs in Spain by 2026, a union spokesperson said on Dec 4.
* VIRGIN MEDIA: the British mobile operator plans to lay off 2,000 employees, the Telegraph reported on July 24.
* VODAFONE (VOD.L): the British telecoms group on June 15 agreed with unions over 1,003 job cuts in Italy and 11,000 jobs globally over three years.
* A.P. MOELLER-MAERSK (MAERSKb.CO): the Danish shipping group said on Nov. 3 it would cut 10,000 jobs as it battles with lower freight rates and subdued demand.
* AIR LIQUIDE (AIRP.PA): the industrial gases firm on July 5 said it might reduce its French workforce by 430 net positions.
* BARCLAYS (BARC.L): the bank is putting 900 jobs in its British business at risk of redundancy, employee union Unite said on Nov. 28.
* BNP PARIBAS BANK POLSKA (BNP1.WA): the Polish bank said on Oct. 16 it would lay off up to 900 people in 2024-2026.
* CAPITA (CPI.L): the British outsourcing firm said on Nov. 21 it would cut about 900 jobs globally.
* DEUTSCHE BANK (DBKGn.DE): the German bank is drawing up plans to cut 10% of its 17,000 German retail jobs in the next few years, a person with knowledge of the matter said on June 23.
* METRO BANK (MTRO.L): the British lender said on Nov. 30 it planned to lay off 20% of its headcount as part of a cost cutting drive.
* NESTE (NESTE.HE): the Finnish oil refiner and biofuel producer said on Nov. 1 it planned to shed 400 jobs globally to prepare for increasing competition in renewable fuels.
* LANXESS (LXSG.DE): the speciality chemicals maker said on Oct. 18 it planned to cut 870 jobs worldwide.
* ROLLS-ROYCE (RR.L): the British airplane engine maker said on Oct. 17 it would cut up to 2,500 jobs as its new CEO seeks to build a more efficient business.
* UBS (UBSG.S): the biggest Swiss bank said on Aug. 31 it would axe 3,000 jobs in Switzerland following its takeover of Credit Suisse.
Source: Regulatory filings, Reuters stories and company websites
Compiled by Agata Rybska, Louise Breusch Rasmussen, Boleslaw Lasocki, Laura Lenkiewicz and Victor Goury-Laffont in Gdansk; editing by Jason Neely, Mark Potter and Milla Nissi
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