(Reuters) -Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs.
Here are some of the layoffs announced since the start of October:
BANKS
* SANTANDER: The Spanish bank said in October it would cut more than 1,400 jobs in its British business.
* UNICREDIT: The Italian bank has signed an agreement with labour unions that included 1,000 voluntary redundancies and 500 new jobs, Italy’s banking union Fabi said on Oct. 17.
CAR AND CAR PARTS MAKERS
* BOSCH: Staff reduction schemes at the world’s biggest car parts supplier have put 8,000-10,000 jobs at risk in Germany, its deputy supervisory board chairman said on Dec. 11. One of those plans is for 3,500 job cuts in its cross-domain computer solutions division by end-2027, half of which will be in Germany.
* MICHELIN: The French tyre maker will shut down two sites in Western France, affecting about 1,250 jobs, it said on Nov. 5.
* SCHAEFFLER: The German machine and car parts maker, hit by weak demand from auto and industrial clients, said on Nov. 5 it planned to cut 4,700 jobs. As part of these measures, it will close two plants in Austria and Britain, it said on Nov. 27.
* STELLANTIS: The Milan-listed automaker said on Nov. 26 it planned to shut its Vauxhall van factory in southern England, putting more than 1,000 jobs at risk.
* VALEO: The French car parts supplier plans to cut around 1,000 jobs in Europe, including the closure of two sites in France, sources told Reuters on Nov. 27.
INDUSTRIALS AND ENGINEERING
* THYSSENKRUPP: The German conglomerate’s steel-making division said on Nov. 25 it planned to cut 5,000 jobs by 2030 and an additional 6,000 jobs through spin-offs or divestitures.
RETAIL AND CONSUMER GOODS
* AUCHAN: The French supermarket group said on Nov. 5 it planned to cut more than 2,000 jobs amid falling traffic in its stores.
* HUSQVARNA: The Swedish garden equipment maker said in October it would cut around 400 jobs, hit by constrained consumer spending.
OTHERS
* AIRBUS: The French aerospace group said on Dec. 5 it would cut just over 2,000 jobs in its Defence and Space business, fewer than the initially announced 2,500.
* AKZONOBEL: The Dulux paints maker said on Jan. 10 it planned to lay off up to 211 staff in France, about 16% of its workforce in the country, as part of a reorganisation that would also include creation of 29 new positions.
* EQUINOR: The Norwegian oil, gas and renewable energy producer is cutting 20% of the staff from its renewable energy division, it told Reuters on Nov. 21.
European shares on Friday suffered their steepest decline in three weeks after a robust US jobs report stoked fresh inflation fears and solidified expectations
(Reuters) -Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs.Here ar
Headlines:Markets:JPY leads, NZD lags on the dayEuropean equities mixed; S&P 500 futures down 0.1%US 10-year yields up 2.1 bps to 4.701%Gold up 0.4% to $2,6
European shares edged lower on Friday as elevated government bond yields weighed on stocks, with attention now turning to US jobs data for clues on the Federal