Factbox-European companies cut jobs as economy sputters

📆 13/09/2023 16:40:00
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(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.

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