Bombardier has become the latest company to announce job cuts in the UK, with 1,350 posts set to be axed. Cutbacks are being unveiled in virtually every sector, in the UK and across Europe, with tens of thousands of jobs due to go in coming months.
Here’s a round-up of companies with UK operations making staff cuts .
Banking and insurance
Lloyds Banking Group is cutting a net 1,585 jobs and closing 29 branches across Britain.
Barclays to axe 1,200, in its investment bank worldwide.
Credit Suisse is cutting 4,000 jobs, including “rightsizing the bank’s London presence”.
Legal & General is pushing ahead with plans to close its Surrey offices by 2018, putting 1,500 jobs at risk, although some will transfer to Hove or Cardiff.
Related: UK wage growth slows as employment rises
Energy
BP is laying off 7,000 more people.
Shell is also slashing jobs, with 7,500 gone and 2,800 still to come.
British Gas plans to axe 500 jobs in its energy efficiency business.
French utility company EDF is cutting up to 4,200 jobs in France and a futher 6,000 worldwide by 2019, with the bulk expected to come at its UK division.
Media
Virgin Media plans to cut 900 jobs from its UK workforce by 2017.
Pearson, the world’s biggest education publisher, is shedding 4,000 jobs around the world, including 500 in the UK.
Manufacturing
The Canadian aerospace giant Bombardier is cutting 7,000 jobs globally over the next two years, including 1,350 in the UK, with the rest in Germany and Canada.
US conglomerate General Electric intends to lay off 6,500 people across Europe over the next couple of years, including about 600 in Britain.
Tata Steel, Europe’s second-largest steel producer, announced a further 1,050 job cuts last month.
Carmaker Ford plans “hundreds” of job cuts across the UK and Europe through voluntary redundancy.
Retail
UK shoe chain Brantano went bust after a tough Christmas, although a rescue deal has saved nearly 1,400 jobs, which means job losses have been reduced to 600.
British clothing brand Ben Sherman has been sold through a pre-pack administration deal, putting 100 jobs at risk.
Boots is cutting up to 350 jobs, its second round of layoffs in the last seven months.
Asda is cutting 200 jobs at its head office in Leeds.
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