Here are some of the European companies that have announced layoffs to rein in costs.
Below are some of the companies that have announced layoffs to rein in costs:France’s flagship carrier was in talks to shed nearly 300 ground-staff positions through voluntary redundancies, newspaperThe Swedish engineering group launched a restructuring drive at its energy and marine units affecting around 500 employees, including the effect from a wind-down of Russian operations, after weak tanker market and soaring costs hit marine business.
The Swedish payments company is slashing 10% of its 7,000-strong workforce after rampant inflation and the war in Ukraine hit business sentiment.The Italian state-owned bank has agreed with unions to cut 4,125 staff, out of a total of 21,015, by the end of the year through a costly, voluntary early retirement scheme.The Dutch medical equipment maker will cut around 4,000 jobs, or 5% of its workforce, to counter falling sales and after a massive recall of its respiratory machines.
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