European companies cut jobs

March 3 (Reuters) - ‌Several ​European ​companies are cutting jobs, with ‌reasons ranging from U.S. ⁠tariffs and weak ‌demand to the artificial ‌intelligence shift.

Here are some of the ​announcements made so far in 2026:

SECTOR COMPANY JOB % ⁠OF DATE DETAI

CUTS WORKFORCE LS

Consume Heineke 6,000 around Februar Jobs

r goods n 6.9% y 11 to be

cut

globa

lly

over

next

two

years

as

strai

ned

consu

mer

finan

ces,

bad

weath

er

and

geopo

litic

al

tensi

ons

take

their

toll

Consume SEB up to around Februar Cuts

r ​goods 2,100 6.6% y 25 are

part

of

restr

uctur

ing

plan

aimed

at

savin

g 200

milli

on

euros

($232

milli

on)

by

end-2

027

Semicon AMS around around Februar Jobs

ductors Osram 2,000 10.5% y 10 to be

cut

under

cost-

cutti

ng

plan,

rough

ly

half

of

cuts

expec

ted

in

Europ

e

Semicon ASML 1,700 3.8% January Part

ductors 28 of a

broad

er

plan

to

shed

3,000

manag

ement

posts

and

hire

engin

eers

to

focus

on

innov

ation

Shippin DB 6,000 around Februar Jobs

g Cargo 43% y 19 to ​be

cut

by

2030

as

part

of

restr

uctur

ing

aimed

at

retur

ning

to

profi

t

Shippin Kuehne+ more around March 3 Job

g Nagel than 2.4% cuts

2,000 as

part

of ‌a

wider

cost

savin

g

progr

amme,

up

from

the

up to

1,500

cuts

previ

ously

annou

nced

Steel Arcelor more over 10% Februar Two

Mittal than of y 27 divis

2,400 workforce ions

of of

subsidiar Arcel

y orMit

ArcelorMi tal's

ttal Ukrai

Kryvyi nian

Rih subsi

diary

Arcel

orMit

tal

Kryvy

i Rih

closi

ng

due

to a

deepe

ning

energ

y

crisi

s

cause

d ⁠by

Russi

a's

attac

ks on

the

count

ry's

energ

y

syste

m

Technol Ocado 1,000 less than Februar Part

ogy 5% y 26 of a

drive

to

lower

techn

ology

and

suppo

rt

costs

by

150

milli

on

pound

s

($199

.46

milli

on)

in

its

2025/

26

fisca

l

year

Telecom Ericsso 1,600 1.8% January Cuts

municat n 15 in

ions Swede

n

mark

conti

nuati

on of

headc

ount

reduc

tion

over

past

three

years

in ⁠an

effor

t to

maint

ain

profi

tabil

ity

Telecom Proximu 1,200 15% Februar Jobs

municat s y 27 to be

ions cut

by

2030

due

to

AI-re

lated

effic

iency

measu

res

Sources: Regulatory ​filings, Reuters reporting and company websites

($1 = 0.8621 euros)

($1 = 0.7520 ‌pounds)

(Compiled by Boleslaw Lasocki, Bernadette ‌Hogg and Mireia ⁠Merino in ‌Gdansk; ​Edited by Milla Nissi-Prussak and Matt ‌Scuffham)

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