Factbox-European Companies Cut Jobs

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)