Automobile and equipment manufacturers

  • Continental: The automotive branch of the German equipment manufacturer will cut 3,000 jobs in its research and development segment by the end of 2026.
  • Porsche: The German car manufacturer will cut a further 2,000 jobs, in addition to the 1,900 already announced. Negotiations with the unions on possible further reductions will take place in the second half of 2025.
  • Renault: The French manufacturer plans to cut 300 jobs at its Sandouville plant in northern France due to a decline in demand for commercial vehicles in Europe.
  • Volkswagen: The German group plans to cut 1,600 jobs in its Cariad software division by the end of 2025. In addition, its subsidiary Audi announced on March 18 the elimination of 7,500 jobs in Germany by 2029, mainly in administration and development.

Banking sector

  • Commerzbank: The German bank plans to cut 3,900 jobs, mainly in Germany, by 2028.
  • Santander UK: The British subsidiary of the Spanish bank Banco Santander has announced the closure of several branches, putting around 750 jobs at risk.

Industry and engineering

  • Siemens: The German engineering group will cut 5,600 jobs in its Digital Industries division to adapt to the weak market in Germany and China.
  • Thyssenkrupp: The German conglomerate plans to cut around 1,800 jobs as a result of the prolonged weakness of the automotive sector, to which it supplies parts.

Distribution and consumer goods

  • Tesco: The largest British supermarket chain plans to cut around 400 jobs in its stores and head office to improve efficiency.
  • Puma: The German sports equipment manufacturer will cut 500 jobs as part of a cost-cutting program.
  • J Sainsbury: The British supermarket chain announced in January its intention to reduce its workforce by more than 3,000 jobs to compensate for a particularly difficult cost environment.

Other sectors

  • AkzoNobel: The Dutch paint manufacturer plans to cut around 2,200 jobs and close at least five sites in 2025 as part of its restructuring.
  • Arkema: The French specialty chemicals group plans to cut 154 jobs at its Jarrie site in France following the decision to discontinue certain production lines.
  • BioNTech: The German laboratory, manufacturer of the COVID-19 vaccine, plans to cut between 950 and 1,350 jobs by 2027, particularly at its mRNA manufacturing plant in Marburg, Germany, as well as in its research activities in Europe and North America.
  • BP Plc: The British oil giant plans to cut around 4,700 jobs, or more than 5% of its workforce, as part of a cost-cutting plan initiated by its CEO Murray Auchincloss.
  • DHL: The German logistics group will cut around 8,000 jobs in Germany in order to save more than €1 billion.
  • Neste: The Finnish refiner and biofuel producer plans to cut around 600 jobs.
  • Tele2: The Swedish telecom operator will cut more than 600 jobs in 2025 to reduce its costs and improve its profitability.
  • UPM: The Finnish forestry company has announced the permanent closure of a paper mill in Germany and the implementation of cost-cutting measures affecting 462 jobs, due to market developments and production overcapacity.