Feb 25 (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 Consumer Heineken around Februar Jobs goods 6.9% y 11 […]
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Factbox-European companies cut jobs
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Feb 25 (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
Consumer Heineken around Februar Jobs
goods 6.9% y 11 to be
6,000 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
Consumer SEB around Februar Cuts
goods up 6.6% y 25 are
to part
2,100 of
restr
uctur
ing
plan
aimed
at
savin
g 200
milli
on
euros
($235
milli
on)
by
end-2
027
Semicond AMS around Februar Jobs
uctors Osram 10.5% y 10 to be
around cut
2,000 under
cost-
cutti
ng
plan,
rough
ly
half
of
cuts
expec
ted
in
Europ
e
Semicond ASML 3.8% January Part
uctors 28 of a
1,700 broad
er
plan
to
shed
3,000
manag
ement
posts
and
hire
engin
eers
to
focus
on
innov
ation
Shipping DB Cargo around 43% Februar Jobs
y 19 to be
6,000 cut
by
2030
as
part
of
restr
uctur
ing
aimed
at
retur
ning
to
profi
t
Telecomm Ericsson 1.8% January Cuts
unicatio 15 in
ns 1,600 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
Sources: Regulatory filings, Reuters reporting and company websites
($1 = 0.8494 euros)
(Compiled by Boleslaw Lasocki, Bernadette Hogg and Mireia Merino in Gdansk; Edited by Milla Nissi-Prussak)