Forest industry giant Stora Enso announced 240 job cuts from its mills in Finland, Sweden, France and Germany.
Some 40 jobs are to go at its Veitsiluoto Mill in the northern Finnish town of Kemi although a sizable machine investment has also been unveiled.
In the wake of losing patent protection on top-selling Actonel, Warner Chilcott is restructuring its European operations and plans to cut 500 jobs in the process. Actonel accounted for 70 percent of Warner’s sales in Western Europe last year, and the drug now faces generic competition in several European countries. The company is aiming to cut costs in the region and refocus its efforts.
Schneider Electric has sliced about 30 jobs from the production work force at its Clovis manufacturing plant during the past week.
The layoffs include 24 temporary positions and six full-time employees at the facility, which produces Pelco brand video surveillance and security equipment.
Belgian-French financial services group Dexia said on Wednesday it would cut 665 jobs as part of a cost-savings plan, leaving it with 80 million euros of cuts to meet its target.
The job cuts are slightly less than Belgian media had been speculating.
French car parts maker Valeo said on Wednesday it was cutting its full year targets and would seek to reduce its headcount, to cope with a sharp fall in automobile production.
Alcatel-Lucent is cutting 1,000 white-collar jobs as part of its new chief’s plan to return the company to profitability, but shares slumped as investors were hoping for a bolder shift in business strategy.
The Paris-based maker of networking equipment for fixed and mobile telecommunications operators also intends to get rid of half of the 10,000 contractors it employs in measures aimed at saving euro750 million ($991 million) by the fourth quarter of 2009, the company said in a statement.
In a statement, Alcatel-Lucent said the cuts could help it break even at the operating level next year. It hasn’t made a profit since the company was formed through Alcatel SA’s purchase of Murray Hill, New Jersey-based Lucent Technologies Inc. for $11.4 billion in 2006.
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