Latest news with #Fiom-Cgil
RTÉ News
27-05-2025
- Automotive
- RTÉ News
European companies cut jobs in response to slowing economy
Difficult economic conditions, exacerbated by US President Donald Trump's tariffs, and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the beginning of April: Car and car parts makers STELLANTIS - The automaker agreed with trade unions to implement up to 200 voluntary redundancies at its Termoli plant in central Italy, it said on May 8. The Fiom-Cgil union said on May 7 that Stellantis would also cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs around 5,000 people. On April 3, Stellantis said it would temporarily lay off 900 workers at five US facilities in response to the Trump administration's tariff announcement. VOLKSWAGEN - The German carmaker's CFO said on April 30 it had cut headcount in Germany by around 7,000 since starting cost savings in late 2023. VOLVO - The Swedish truck maker plans to lay off as many as 800 workers at three US facilities over the next three months, a spokesperson said on April 18. VOLVO CARS - The Swedish carmaker will cut 3,000 mostly white-collar jobs as part of a restructuring announced in April as it grapples with high costs, a slowdown in EV demand and uncertainty over trade tariffs, it said on May 26. On May 7, Volvo Cars said it would cut 5% of the workforce at its US plant in Charleston, South Carolina due to changing market conditions and evolving trade policies. Banks COMMERZBANK - The German bank said on May 14 it had agreed with the works council on terms to cut around 3,900 jobs by 2028, part of a strategy to help it deliver more ambitious profit targets. HSBC - The banking giant plans to cut 348 jobs in France through a voluntary redundancy scheme, amounting to about 10% of its workforce in the country, it said on May 14. UBS - Switzerland's largest bank informed unions in Italy on April 1 of plans to cut 180 jobs in the country, around a third of its workforce in the country, documents reviewed by Reuters showed. Industrial and engineering STMICROELECTRONICS - The French-Italian chipmaker said on April 30 it would cut around 1,000 jobs in France, more than a third of the 2,800 layoffs planned in its cost-cutting programme. SYENSQO - The Belgian chemicals maker is speeding up restructuring measures, which include cutting around 200 jobs, due to demand uncertainty caused by global economic turmoil, it said on May 15. Retail and consumer goods AUCHAN - The French supermarket group will cut 710 jobs and close 25 stores in Spain as it seeks to adapt to changing habits of shoppers, it said on May 8. BURBERRY - The British luxury brand will shed 1,700 jobs, or around a fifth of its global workforce, to cut costs to help revive its performance, it said on May 14. LVMH - The Financial Times reported on May 1, citing an internal video, that the luxury group's wine and spirit unit Moet Hennessy would cut its workforce by about 1,200 employees.
Hindustan Times
20-05-2025
- Automotive
- Hindustan Times
European companies cut jobs in response to slowing economy
May 20 - Difficult economic conditions, exacerbated by U.S. President Donald Trump's tariffs, and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the beginning of April: CAR AND CAR PARTS MAKERS * STELLANTIS: The automaker agreed with trade unions to implement up to 200 voluntary redundancies at its Termoli plant in central Italy, it said on May 8. The Fiom-Cgil union said on May 7 that Stellantis would also cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs around 5,000 people. On April 3, Stellantis said it would temporarily lay off 900 workers at five U.S. facilities in response to the Trump administration's tariff announcement. * VOLKSWAGEN: The German carmaker's CFO said on April 30 it had cut headcount in Germany by around 7,000 since starting cost savings in late 2023. * VOLVO: The Swedish truck maker plans to lay off as many as 800 workers at three U.S. facilities over the next three months, a spokesperson said on April 18. * VOLVO CARS: The Swedish carmaker said on May 7 it would cut 5% of the workforce at its U.S. plant in Charleston, South Carolina due to changing market conditions and evolving trade policies, including tariffs. BANKS * COMMERZBANK: The German bank said on May 14 it had agreed with the works council on terms to cut around 3,900 jobs by 2028, part of a strategy to help it deliver more ambitious profit targets. * HSBC: The banking giant plans to cut 348 jobs in France through a voluntary redundancy scheme, amounting to about 10% of its workforce in the country, it said on May 14. * UBS: Switzerland's largest bank informed unions in Italy on April 1 of plans to cut 180 jobs in the country, around a third of its workforce in the country, documents reviewed by Reuters showed. INDUSTRIALS AND ENGINEERING * STMICROELECTRONICS: The French-Italian chipmaker said on April 30 it would cut around 1,000 jobs in France, more than a third of the 2,800 layoffs planned in its cost-cutting program. * SYENSQO: The Belgian chemicals maker is speeding up restructuring measures, which include cutting around 200 jobs, due to demand uncertainty caused by global economic turmoil, it said on May 15. RETAIL AND CONSUMER GOODS * AUCHAN: The French supermarket group will cut 710 jobs and close 25 stores in Spain as it seeks to adapt to changing habits of shoppers, it said on May 8. * BURBERRY: The British luxury brand will shed 1,700 jobs or around a fifth of its global workforce to cut costs to help revive its performance, it said on May 14. * LVMH: Financial Times reported on May 1, citing an internal video, that the luxury group's wine and spirit unit Moet Hennessy would cut its workforce by about 1,200 employees. OTHERS * PROSIEBENSAT.1: The German media group will cut 430 full-time positions as part if its digital transformation, it said on May 7. Sources: Regulatory filings, Reuters reporting and company websites
TimesLIVE
08-05-2025
- Automotive
- TimesLIVE
Stellantis to cut up to 500 jobs at Italy's Melfi plant
Carmaker Stellantis will cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs about 5,000 people, the Fiom-Cgil union said on Wednesday. This follows a recent announcement for a similar voluntary redundancy plan for a total of 350 jobs at two other facilities in Italy, in Pomigliano and Pratola Serra. 'It seems that a real plan to divest from Italy is taking shape. For these reasons, Fiom-Cgil has not signed the layoffs,' said Samuele Lodi of Fiom-Cgil. Stellantis, which owns Italian brands Fiat and Alfa Romeo, was not immediately available for comment. The group in December presented a plan to the Italian government to revitalise its output in the country, after years of falling production. As part of the plan, new models have been assigned for production to Stellantis Italian plants in 2025 and in coming years, but their expected positive impact on output and jobs will not materialise before the end of this year. In Melfi, Stellantis is ramping up production of Jeep and DS models this year, while further models, including under the Lancia brand, are expected in coming years.
Yahoo
07-05-2025
- Automotive
- Yahoo
Stellantis to cut up to 500 jobs through voluntary exits at Italy's Melfi plant, union says
(Reuters) -Carmaker Stellantis will cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs around 5,000 people, the Fiom-Cgil union said on Wednesday in a statement. This follows a recent announcement for a similar voluntary redundancy plan for a total of 350 jobs at two other facilities in Italy, in Pomigliano and Pratola Serra. "It seems that a real plan to divest from Italy is taking shape. For these reasons, Fiom-Cgil has not signed the layoffs," said Samuele Lodi of Fiom-Cgil. Stellantis, which owns Italian brands Fiat and Alfa Romeo, was not immediately available for comment. The group in December presented a plan to the Italian government to revitalise its output in the country, after years of falling production. As part of the plan, new models have been assigned for production to Stellantis Italian plants in 2025 and in coming years, but their expected positive impact on output and jobs will not materialise before the end of this year. In Melfi, Stellantis is ramping up production of Jeep and DS models this year, while further models, including under the Lancia brand, are expected in coming years. (Reporting by Laura Contemori in GdanskEditing by Matthew Lewis)
