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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Unilever July 15 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds details on fresh job cuts July 9 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO
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Metso To Deliver Kiln And Cooler Package To Galvani's Fertilizer Plant In Brazil

BRIEF-Metso To Deliver Kiln And Cooler Package To Galvani's Fertilizer Plant In Brazil June 28 (Reuters) - Metso Oyj METSO.HE : TO DELIVER KILN AND COOLER PACKAGE TO GALVANI'S FERTILIZER PLANT IN BAHIA, BRAZIL TOTAL VALUE OF ORDER IS OVER EUR 10 MILLION Source text for Eikon: [ID:] Further company coverage: METSO.HE (Gdansk Newsroom)
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Metso Gets Order Worth EUR 10 Mln

BRIEF-Metso Gets Order Worth EUR 10 Mln June 26 (Reuters) - Metso Oyj METSO.HE : TO DELIVER CATHODE STRIPPING MACHINES TO TWO COPPER PLANTS IN SOUTH AMERICA ORDER VALUE EXCEEDS EUR 10 MILLION AND IT IS BOOKED IN THE MINERALS SEGMENT’S 2024 SECOND-QUARTER ORDERS RECEIVED Source text for Eikon: [ID:] Further company coverage: METSO.HE (Gdansk Newsr
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Admiral, Maersk, Raspberry PI

EUROPE RESEARCH ROUNDUP-Admiral, Maersk, Raspberry PI June 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Maersk and Raspberry, on Tuesday. HIGHLIGHTS * Admiral ADML.L : Berenberg raises to buy from hold; raises PT to 3,127p from 2,973p * Direct Line Insurance DLGD.L : Berenberg cuts to hold from buy * IMI Plc IMI.L : JP Morgan raises target price to 2,200p from 1,850p * Maersk MAERSKb.CO : Morgan Stanley raises target
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Metso Secures Substantial Order From Hindalco

BRIEF-Metso Secures Substantial Order From Hindalco June 19 (Reuters) - Metso Oyj METSO.HE : SECURES SUBSTANTIAL ORDER FROM HINDALCO FOR INDIA'S FIRST LARGE-SCALE ELECTRONIC WASTE RECYCLING FACILITY MAJORITY OF ORDER VALUE, WHICH IS NOT DISCLOSED, IS BOOKED IN MINERALS SEGMENT'S SECOND-QUARTER 2024 ORDERS Further company coverage: METSO.HE (Gdansk
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Boliden Harjavalta In Collaboration With Etteplan

BRIEF-Boliden Harjavalta In Collaboration With Etteplan June 17 (Reuters) - Etteplan Oyj ETTE.HE : BOLIDEN HARJAVALTA AIMS TO BECOME FRONTRUNNER IN METAL INDUSTRY IN COLLABORATION WITH ETTEPLAN 26 METSO'S EMPLOYEES WORKING IN HARJAVALTA WILL TRANSFER TO ETTEPLAN AS EXISTING EMPLOYEES STARTING SEPTEMBER 1, 2024 Source text for Eikon: ID:nWkr8Yf3m7 F
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Metso Completes Local Consultation Processes In Minerals Equipment Business

BRIEF-Metso Completes Local Consultation Processes In Minerals Equipment Business June 12 (Reuters) - Metso Oyj METSO.HE : LOCAL CONSULTATION PROCESSES COMPLETED IN THE MINERALS EQUIPMENT BUSINESS 69 POSITIONS WILL BE REDUCED IN FINLAND IN TOTAL, ABOUT 220 POSITIONS WILL BE REDUCED GLOBALLY ADDITIONALLY, TEMPORARY LAYOFFS WITH MAXIMUM LENGTH OF 90
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Metso Invests EUR 150 Mln In Technology Center In Tampere

BRIEF-Metso Invests EUR 150 Mln In Technology Center In Tampere June 3 (Reuters) - Metso Oyj METSO.HE : INVESTS EUR 150 MILLION IN MODERN TECHNOLOGY CENTER IN TAMPERE, FINLAND Further company coverage: METSO.HE (Gdansk Newsroom)
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Finland's Metso to cut 240 jobs in minerals business

UPDATE 1-Finland's Metso to cut 240 jobs in minerals business Adds quote, detail on layoffs COPENHAGEN, May 6 (Reuters) - Finland's Metso METSO.HE on Monday said it plans to restructure its minerals equipments business, leading it to cut about 240 positions globally. T he layoffs include both permanent and temporary layoffs with up to 90 positions being cut in Finland, the company said in a statement.
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Finland's Metso to cut 240 jobs in minerals business

Finland's Metso to cut 240 jobs in minerals business COPENHAGEN, May 6 (Reuters) - Finland's Metso METSO.HE on Monday said it plans to restructure its minerals equipments business, leading it to cut about 240 positions globally. Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik
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Metso's Restructuring To Result In About 240 Layoffs Globally

BRIEF-Metso's Restructuring To Result In About 240 Layoffs Globally May 6 (Reuters) - Metso Oyj METSO.HE : PLANS TO RESTRUCTURE MINERALS EQUIPMENT BUSINESS TO STRENGTHEN COMPETITIVENESS AND IMPROVE EFFICIENCY PLANNED CHANGES INCLUDE ORGANIZATIONAL REALIGNMENT AND OTHER EFFICIENCY MEASURES AS WELL AS PERMANENT AND TEMPORARY LAYOFFS BASED ON METSO’
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Metso Oyj Quarterly Sales Down Due To Lower Equipment Order Backlogs

BRIEF-Metso Oyj Quarterly Sales Down Due To Lower Equipment Order Backlogs April 25 (Reuters) - Metso Oyj METSO.HE : QUARTERLY SALES DECLINED IN BOTH SEGMENTS DUE TO LOWER EQUIPMENT ORDER BACKLOGS GOING INTO YEAR WE EXPECT MARKET ACTIVITY TO REMAIN AT CURRENT LEVEL IN BOTH SEGMENTS Source text for Eikon: ID:nWkr29Vg6t Further company coverage: METS
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Sandvik shares slide after Q1 earnings disappoint

BUZZ-Sandvik shares slide after Q1 earnings disappoint ** Shares in Sandvik SAND.ST fall 2.6% after the mining equipment maker reports Q1 core profit below market expectations ** Q1 adj. EBITA falls 14% y/y to SEK 5.28 billion ($484 million), missing the 5.69 billion seen in an LSEG poll of analysts ** J.P.Morgan says the report is disappointing, with a slight orders beat of 1% "more than overshadowed" by a 10% miss on adj.
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