Inflation rates are rising and the impact of the conflict in Ukraine has forced companies across Europe to freeze hiring or implement layoffs.
Dyson, a multinational electronics company, is set to lay off approximately 1,000 employees in the UK. The company currently employs 3,500 people in the UK.
Known for its innovative products like hair dryers, air purifiers, and vacuum cleaners, Dyson’s layoffs are a result of a review of its business operations. The review comes amidst increasingly fierce global market competition.
Hanno Kirner, CEO of Dyson, stated in an email to CNBC, “We are growing rapidly and, like all companies, we periodically review our global structures to ensure we are prepared for the future. As such, we are proposing changes to our organization that may result in layoffs.”
The company has assured that employees at risk of losing their jobs will receive support. It remains unclear how the company’s global employment will be affected.
Here is a summary compiled by Reuters of some layoffs announced since early April:
– TSB Bank: Spain’s Sabadell-owned TSB Bank is seeking to lay off 250 people and close 36 branches.
– Metso: The Finnish mining equipment manufacturer plans to restructure its mineral equipment business, resulting in around 240 job cuts globally.
– ThyssenKrupp: The German submarine steel group announced the layoff of 450 employees in its Schulte materials trading division.
– Umicore: The Belgian metal recycling group plans to reduce positions in its German automotive catalyst business by 14% by 2027.
– PKP Cargo: Poland’s largest freight company plans to lay off up to 30% of its workforce.
– Casino Group: The French supermarket chain intends to lay off between 1,293 and 3,267 employees to improve its financial condition.
– Haleon: The UK consumer healthcare company announced the closure of its UK manufacturing base over the next two years, affecting 435 jobs.
– Ted Baker: The retailer will close 15 stores in the UK, leading to nearly 250 job losses.
– Telenor: The telecommunications group in Norway will lay off around 100 employees in its Norwegian division and reduce temporary staff.
– Vodafone Spain: The recently acquired Vodafone Spain by Zegona Communications plans to lay off up to 1200 employees, a third of its workforce.
– Indivior: The pharmaceutical company will lay off around 130 people following the discontinuation of its schizophrenia drug Perseris.
– Bayer: The company will continue to reduce management positions this year, planning cuts in Germany, Japan, the UK, Belgium, and the Netherlands as part of internal restructuring.
– CureVac: The German pharmaceutical company announced that it will lay off around 30% of staff as part of a restructuring.
– Manchester United: The English Premier League club is proposing the layoff of around 250 employees as part of a club-wide downsizing plan.
– BASF: The German chemical company is considering layoffs at its Harjavalta plant in Finland.
– Bouygues Immobilier: The company will lay off 225 people in its French real estate development department.
– BP: The petroleum company has cut more than 10% of its employees in its electric vehicle charging business, over 100 positions. BP has not commented on the specific number of layoffs.
– Intrum: The Swedish credit management and financial services provider announced that cost-cutting measures will include laying off “hundreds” of employees.
– Novartis: The Swiss pharmaceutical company will lay off 680 people in its development team.
– Schibsted: The Norwegian classified ads group will lay off around 250 people in the Nordic region.
– Siemens Gamesa: An internal memo seen by Reuters on May 28 reveals that Siemens Energy’s wind turbine division plans to lay off 4,100 people, approximately 15% of the workforce.
– UPM-Kymmene: The Finnish forestry group revealed on May 29 that it will be closing a newsprint mill in Germany, impacting 345 jobs.