Trump Tariffs Blamed for European Job Losses: Major Companies Announce Mass Layoffs

• European companies across various sectors are announcing large-scale layoffs and hiring freezes.
• Weak demand, high costs, slowing global trade, US tariffs, and geopolitical uncertainty are cited as reasons.
• Automobile, banking, energy, technology, and consumer goods sectors are heavily impacted.
• Bosch, Continental, Daimler Truck, Lloyds, ABN Amro, OMV, AMS Osram, ASML, Sika, Thyssenkrupp, Wacker Chemie, Burberry, Heineken, Nestle, Ericsson, Lufthansa, Kuehne+Nagel, Novo Nordisk, Orsted, and Telefónica are among the companies cutting jobs.
• Job cuts range from hundreds to thousands, affecting thousands of employees across Europe and globally.