Automotive and parts suppliers Continental: The German parts supplier's automotive division will cut 3,000 jobs in its research and development segment by the end of 2026. Porsche: The German automaker will cut a further 2,000 jobs, on top of the 1,900 already announced. Negotiations with unions on possible further cuts will take place in H2 2025. Renault: The French automaker plans to cut 300 jobs at its Sandouville plant in northern France, due to lower demand for commercial vehicles in Europe. Volkswagen: The German group plans to cut 1,600 jobs in its Cariad software division by the end of 2025. In addition, its Audi subsidiary announced on 18 March that it would cut 7,500 jobs in Germany by 2029, mainly in administration and development. Commerzbank banking sector: The German bank plans to cut 3,900 jobs, mainly in Germany, by 2028. Santander UK: The British subsidiary of Spanish bank Banco Santander has announced the closure of several branches, putting around 750 jobs at risk. Siemens Industry and Engineering: The German engineering group will cut 5,600 jobs in its Digital Industries division to adapt to market weakness in Germany and China. Thyssenkrupp: The German conglomerate plans to cut around 1,800 jobs, as a result of prolonged weakness in the automotive sector to which it supplies parts. Retail and consumer goods Tesco: Britain's largest supermarket chain plans to cut around 400 jobs in its stores and head office to improve efficiency. Puma: The German sports equipment manufacturer will cut 500 jobs as part of a cost-cutting program. J Sainsbury: The British supermarket chain announced in January its intention to reduce its workforce by more than 3,000 positions in order to offset a particularly difficult cost environment. Other sectors AkzoNobel: The Dutch paint manufacturer plans to cut around 2,200 jobs and close at least five sites by 2025 as part of its restructuring. Arkema: The French specialty chemicals group plans to cut 154 jobs at its Jarrie site in France, following a decision to halt certain production operations. BioNTech: The German laboratory, manufacturer of the COVID-19 vaccine, plans to cut between 950 and 1,350 jobs by 2027, notably at its mRNA manufacturing plant in Marburg, Germany, as well as in its research activities in Europe and North America. BP Plc: The British oil giant plans to cut around 4,700 jobs, or more than 5% of its workforce, as part of a cost-cutting plan initiated by CEO Murray Auchincloss. DHL: The German logistics group will cut around 8,000 jobs in Germany to save over €1bn. Neste: The Finnish refiner and biofuel producer plans to cut around 600 jobs. Tele2: The Swedish telecom operator will cut more than 600 jobs by 2025 to reduce costs and improve profitability. UPM: The Finnish forestry company announced the definitive closure of a paper mill in Germany and the implementation of cost-cutting measures affecting 462 jobs, due to market trends and production overcapacity.