Difficult economic conditions, exacerbated by the 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.

According to a report by Reuters, some of the layoffs announced since the beginning of April are as follows:

Stellantis: The automaker agreed with trade unions to implement up to 200 voluntary redundancies at its Termoli plant in central Italy on May 8. Additionally, it plans to cut 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy. On April 3, Stellantis temporarily laid off 900 workers at five U.S. facilities due to the Trump administration’s tariff announcement.

Volkswagen: The German carmaker’s CFO reported a headcount reduction of around 7,000 in Germany since starting cost savings in late 2023.

Volvo: The Swedish truck maker plans to lay off up to 800 workers at three U.S. facilities over the next three months.

Volvo Cars: The Swedish carmaker will cut 3,000 mostly white-collar jobs as part of a restructuring announced in April due to high costs, a slowdown in EV demand, and uncertainty over trade tariffs. On May 7, Volvo Cars said 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.

Banks

Commerzbank: The German bank agreed with the works council on terms to cut around 3,900 jobs by 2028 to 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.

UBS: Switzerland’s largest bank informed unions in Italy of plans to cut 180 jobs in the country, around a third of its workforce.

Industrials and Engineering

STMicroelectronics: The French-Italian chipmaker plans to 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, including cutting around 200 jobs due to demand uncertainty caused by global economic turmoil.

Retail and Consumer Goods

Auchan: The French supermarket group will cut 710 jobs and close 25 stores in Spain to adapt to changing shopper habits.

Burberry: The British luxury brand will shed 1,700 jobs, around a fifth of its global workforce, to cut costs and revive performance.

LVMH: The luxury group’s wine and spirits unit, Moet Hennessy, plans to cut its workforce by about 1,200 employees.

Media

Prosiebensat.1: The German media group will cut 430 full-time positions as part of its digital transformation.

Read also: Trump tariffs force Hong Kong watchmaker to pivot toward European market