(Bloomberg) -- June isn’t over, and so far large corporations doing business in Europe have announced more than 28,000 job cuts in the region.
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German chemical giant BASF SE and Ford Motors Co. unveiled plans to cut a combined 18,000 jobs within hours on Thursday, joining peers in industries from autos to power and gas that are making massive layoffs to cope with a downturn in their businesses.
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The European economy has been worsening, and factories are at the heart of the slowdown, as trade tensions, weak car sales and risks from Brexit weigh on demand.
Here is a rundown of the main job cuts announced this month by large European companies and global corporations doing business in the region.
| Companies | Total | Where | Date announced | Read More |
|---|---|---|---|---|
| BASF | 6,000 | Global | June 27 | Demand is slowing for chemicals used in industries ranging from cars to electronics. |
| Ford | 12,000 | Europe | June 27 | The U.S. carmaker is eliminating 20% of its workforce across Europe to cope with falling sales. Germany, the U.K. and Russia will be the hardest hit. |
| Sanofi | 466 | France, Germany | June 19 | The French drugmaker is cutting R&D jobs, and plans to limit cardiovascular research. |
| Siemens | 2,700 | Global | June 18 | The German conglomerate plans to cut 4% of the workforce at its power and gas unit, ahead of a planned spinoff of the sprawling business. About 1,400 of the lost positions will be in Germany. |
| GE | 1,200 | Switzerland | June 18 | GE reduced the number from 1,400 in December, after consultation with unions. |
| Kier Group | 1,200 | U.K. | June 17 | The U.K. builder is simplifying its businesses and plans to sell some assets after a strategic review. |
| Volkswagen | 4,000 | Germany | June 5 | The VW brand will cut as many as 4,000 general and administrative jobs through 2023, while adding 2,000 IT positions. |
©2019 Bloomberg L.P.
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