Factbox-European companies cut jobs as economy sputters

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

(Reuters) - The highest inflation for decades and the fallout from war in Ukraine have forced companies across Europe into layoffs or hiring freezes.

* AUTOLIV: the Swedish airbag and seatbelt maker said on June 8 it plans to cut around 8,000 jobs.

* VOLVO CAR: the automaker on May 4 announced 1,300 additional layoffs in Sweden, 6% of its workforce in the country.* ANHEUSER-BUSCH INBEV: the Dutch brewer will lay off hundreds of corporate staff in the U.S., CNN reported on July 27. * FISKARS: the Finnish gardening tools maker said on Sept. 13 it plans a reduction of some 400 jobs in a move to simplify its organiSational structure.

* SSAB: the Swedish steel maker said on Aug. 11 it would furlough workers at two plants in Finland. Negotiations with unions covered about 800 employees and the exact number of layoffs will depend on demand and local circumstances, it said. * NOKIA: the Finnish telecom equipment maker said on May 3 it plans to cut up to 208 jobs in Finland.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Factbox-Gasoline, diesel vehicles dominate India's auto market, EVs lagBy Aditi Shah and Dhwani Pandya MUMBAI (Reuters) - India's road transport minister on Tuesday warned local and foreign automakers to either cut ...
Source: SaltWire Network - 🏆 45. / 63 Read more »