{"id":9874,"date":"2023-06-25T20:57:23","date_gmt":"2023-06-25T17:57:23","guid":{"rendered":"http:\/\/alssabiqun.com\/?p=9874"},"modified":"2023-06-25T20:57:23","modified_gmt":"2023-06-25T17:57:23","slug":"european-companies-cut-jobs-as-economy-sputters","status":"publish","type":"post","link":"http:\/\/alssabiqun.com\/?p=9874","title":{"rendered":"European companies cut jobs as economy sputters"},"content":{"rendered":"

Jan 31 (Reuters) – Decades-high inflation and evdeN eve NAkliYaT<\/a> the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes.<\/p>\n

Here are some of the companies that have announced cuts:<\/p>\n

<\/a> <\/p>\n

AIRLINES, AUTOS, TRAVEL * AIR FRANCE: France’s flagship carrier was in talks to shed nearly 300 ground-staff positions through voluntary redundancies, newspaper Le Figaro reported in June.* FINNAIR: the Finnish airline said on Nov. 21 it would cut about 150 jobs, of which 90 in its home country, as part of a plan to return to profitability. * MICHELIN: the tire maker said in December it planned to cut up to 1,600 jobs in France, evDen EVE NAkliYaT<\/a> fewer than the 2,300 estimated in its initial voluntary redundancy plan as it seeks to safeguard production. * STELLANTIS: the world’s fourth largest carmaker indefinitely laid off an unspecified number of workers at its stamping plant in Michigan in mid-June to mitigate supply chain impacts.<\/p>\n

INDUSTRIALS AND ENGINEERING * ALFA LAVAL: the Swedish engineering group in late October launched restructuring drive at its energy and marine units affecting around 500 employees.<\/p>\n

* HUSQVARNA: the garden equipment and tools maker announced in late October it would cut 1,000 jobs, the vast majority of them related to the shift from petrol to battery-powered tools. * KONE: the Finnish elevator maker said on Jan. 26 it would reduce headcount by 1,000, of with 150 in Finland.<\/p>\n

* SIEMENS GAMESA: the Spanish wind turbine maker in late September said it planned to cut 2,900 jobs, mostly in Europe, as part of a plan to return to profitability. * VALMET: Valmet launched negotiations in May for temporary layoffs at its valve factory in Helsinki of up to three months, affecting about 340 employees, due to reduced<\/a> orders caused by the war and China’s COVID-19 restrictions.<\/p>\n

FOOD, GENERAL RETAILERS AND EVDEn EVE NakLiYAT<\/a> CONSUMER GOODS * AHOLD DELHAIZE: the Dutch supermarket company said on Dec.<\/p>\n

8 it planned to cut around 300 jobs at its online subsidiary Bol. Here is more on eVdEN Eve nAkLiyaT<\/a> have a look at our web site. com as part of a restructuring campaign. * CLAS OHLSON: the Swedish hardware store chain said in December it would cut about 85 full-time jobs amongst other measures to deliver cost savings and reduced depreciation. * H&M: the Swedish fashion giant, which employs roughly 155,000 people, said in November it would cut some 1,500 jobs as part of a 2 billion crown ($189.5 million) savings drive.<\/p>\n

* ICA GRUPPEN: the Swedish retailer said in December it would cut about 200 jobs due to rising costs, inflation and decreases in disposable income to save some 1 billion crowns annually. * GETIR: the Turkish fast grocery delivery firm said in late May it planned to cut 14% of its staff globally due to rising inflation and costs, a source told Reuters.<\/p>\n

* SALMAR: the Norwegian fish farmer in November announced temporary layoffs of 851 employees as the Norwegian government plans to hike taxes on salmon farms to aid its fight with inflation. * HENKEL: the German company behind Schwarzkopf said in early May it would cut about 2,000 positions due to low demand for EVDEN eVE NaKliYaT<\/a> its products, as well as rising costs and global supply chain issues.<\/p>\n

BANKS AND FINANCIALS * KLARNA: Dagens Industri reported in May the Swedish payments company would lay off about 10% of its 7,000 employees.* MONTE DEI PASCHI DI SIENA: the Italian state-owned bank agreed with unions to cut 4,125 staff, out of a total of 21,015, by the end of 2022 through a costly, voluntary early retirement scheme.<\/p>\n

TECH * PHILIPS: the Dutch medical equipment maker on Jan. 30 said it would cut 6,000 jobs to counter falling sales and after a massive recall of its respiratory machines.<\/p>\n

* SINCH: the Swedish cloud communications company said in October it would lay off 150 staff, almost 4% of its workforce, as it targets gross savings of at least 300 million crowns per year. * SAP: the German software company said on Jan. 26 it planned to cut 3,000 jobs, 2.5% of its global workforce, to cut costs and focus on its cloud business.<\/p>\n

* VODAFONE: the British telecom group plans to shed several hundred jobs, most of which are located at its London headquarters, as part of cost-saving measures announced in November, the Financial Times reported on Jan. 13, citing people briefed on the discussions.<\/p>\n

OTHER * BASF: the German chemicals maker in October announced a new savings program that will include an undisclosed number of job cuts, and later said its European operations needed to be “permanently” reduced.* TAYLOR WIMPEY: the British housebuilder said on Jan. 13 it was considering job cuts to keep a lid on costs, but did not specify the number of potential job cuts. Source: EVDEn evE NakliyAt<\/a> Regulatory filings, Reuters stories and company websites ($1 = 10.4142 Swedish crowns) ($1 = 0.9222 euros) (Compiled by Agata Rybska and Louise Breusch Rasmussen in Gdansk; Editing by Alexander Smith and Milla Nissi)<\/p>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Jan 31 (Reuters) – Decades-high inflation and evdeN eve NAkliYaT the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts: AIRLINES, AUTOS, TRAVEL * AIR FRANCE: France’s flagship carrier was in talks to shed nearly 300 ground-staff positions through …<\/p>\n","protected":false},"author":12200,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2696],"tags":[2848],"class_list":["post-9874","post","type-post","status-publish","format-standard","hentry","category-home-family-parenting","tag-evden-eve-nakliyat"],"_links":{"self":[{"href":"http:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts\/9874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/users\/12200"}],"replies":[{"embeddable":true,"href":"http:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9874"}],"version-history":[{"count":1,"href":"http:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts\/9874\/revisions"}],"predecessor-version":[{"id":9875,"href":"http:\/\/alssabiqun.com\/index.php?rest_route=\/wp\/v2\/posts\/9874\/revisions\/9875"}],"wp:attachment":[{"href":"http:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9874"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/alssabiqun.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}