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Thousands of job cuts on the way across struggling sectors in Europe

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Thousands of job cuts on the way across struggling sectors in Europe

The latest redundancy plans come from German car parts maker Schaeffler and French grocery chain Auchan.

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Thousands of job cuts are on the way in several struggling sectors across Europe, with French grocery chain Auchan being the latest to announce redundancy plans.

Staff representatives, summoned by Auchan management are feeling the pinch: 2,389 of the 54,000 jobs in France are at risk. A dozen outlets will close, including one supermarket and three hypermarkets, due to a lack of profitability.

The company’s customers are not surprised. “There are often empty shelves,” says one woman. Auchan, one of the pioneers of hypermarkets – large outlets on the outskirts of towns and cities, highly prized in the 1970s for the diversity of products on offer – is struggling to make a profit today.

To modernise, Auchan is planning to reduce its sales area by an average of 25% for hypermarkets, which will no longer exceed 10,000 square metres. The company intends to focus on smaller stores, drive-through and home delivery of fresh produce – a “reconquest operation”, in the words of Auchan’s management.

Meanwhile, German auto parts and machinery maker Schaeffler AG plans to cut 4700 jobs in Europe, demonstrating the struggle of Volkswagen and other big European car makers. Further down-the-line companies in the supply chain are now seeing the consequences as well.

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The company described the job cuts as structural measures against “lower automotive production in Europe and ongoing weakness in various industrial sectors”.

The structural measures, to “secure the long-term increase in the company’s competitiveness”, include consolidating production and adjusting capacities, leading to the relocation and closing two of its factories outside of Germany. Those will be announced by the end of the year. 

The job cuts will mainly take place in Germany, where around 2800 jobs will be lost at 10 sites. However, five other sites in Europe are also affected.

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Rubio joins crucial G7 talks as Iran war set to dominate second day

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Rubio joins crucial G7 talks as Iran war set to dominate second day

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On today’s show:

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Top story: G7 Summit debrief with Méabh Mc Mahon and Maia de la Baume.

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Explainer by Jakub Janas: What’s the point of the G7 meeting?

Iran war update with Méabh Mc Mahon and Babak Kamiar.

Interview with Ghassan Salamé, Lebanese Culture Minister.

Interview with Valérie Hayer, Member of the European Parliament (Renew Europe, France).

When and where to watch Europe Today?

You can join Euronews’ chief anchor Méabh Mc Mahon and our EU editor Maria Tadeo live on TV and Euronews’ website and digital platforms every weekday.

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Our new format brings you the day’s key events plus crucial analysis of all the stories shaping the EU and beyond. It’s also available as a newsletter and podcast.

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Senior Iranian official tells Reuters US-Iran talks unlikely | The Jerusalem Post

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Senior Iranian official tells Reuters US-Iran talks unlikely | The Jerusalem Post

The official additionally stated that Iran has reviewed a US 15-point proposal for ending the ongoing war in the Middle East and deemed it “one-sided and unfair,” serving only US and Israeli interests, and lacking “the minimum requirements for success.”

“In brief, the proposal suggests that Iran would relinquish its ability to defend itself in exchange for a vague plan to lift sanctions,” he told Reuters.

No arrangement for negotiations has been established yet, the official continued, adding that Turkey and Pakistan are attempting to “establish common ground between Iran and the United States and reduce differences.”

The proposal, which was conveyed to Iran through Pakistan, “was reviewed in detail on Wednesday night by senior Iranian officials and the representative of Iran’s Supreme Leader,” the official said.

On Wednesday, Iranian regime-tied Press TV cited an Iranian official as stating that Tehran considered the conditions of the proposal excessive and would only agree to end the war at a time of its choosing if its conditions are met.

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According to an N12 News report on Tuesday, citing three sources familiar with the details of the potential plan, the US was considering declaring a month-long ceasefire during which negotiations on the agreement would take place.

The 15-point plan reportedly contained terms including the dismantling of all existing Iranian nuclear capabilities, a commitment that Iran will discontinue efforts to obtain nuclear weapons, and a requirement that any already enriched uranium be moved out of Iran.

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Zelenskyy claims US tied Ukraine security guarantees to giving up Donbas, White House denies

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Zelenskyy claims US tied Ukraine security guarantees to giving up Donbas, White House denies

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U.S. security guarantees for Ukraine are being tied to Kyiv ceding the eastern Donbas region to Russia as part of a potential peace deal, Ukrainian President Volodymyr Zelenskyy told Reuters in an interview published Thursday.

“The Americans are prepared to finalize these guarantees at a high level once Ukraine is ready to withdraw from Donbas,” Zelenskyy said, describing a proposal he warned could undermine both Ukraine’s defenses and broader European security.

But a U.S. official, speaking on background, told Fox News Digital the claim is false.

Zelenskyy’s comments point to growing pressure from President Donald Trump to reach a swift end to the war, now in its fourth year following Russia’s 2022 invasion. 

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ZELENSKYY SAYS PEACE DEAL IS CLOSE AFTER TRUMP MEETING BUT TERRITORY REMAINS STICKING POINT

Zelenskyy suggested the administration’s approach is influenced in part by competing global crises, including the ongoing conflict involving Iran.

U.S. security guarantees for Ukraine are being tied to Kyiv ceding the eastern Donbas region to Russia as part of a potential peace deal, Ukrainian President Volodymyr Zelenskyy said.  (Pavlo Bahmut/Ukrinform/NurPhoto via Getty Images)

“The Middle East definitely has an impact on President Trump,” Zelenskyy said. “President Trump, unfortunately, in my opinion, still chooses a strategy of putting more pressure on the Ukrainian side.”

Talks between the United States, Russia and Ukraine have taken place in Abu Dhabi and Geneva in 2026, but key issues remain unresolved, including how Ukraine’s future security would be guaranteed and who would fund its long-term defense.

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Zelenskyy warned that abandoning Donbas would hand Russia heavily fortified Ukrainian defensive lines, weakening Kyiv’s position and potentially enabling future aggression.

“I would very much like the American side to understand that the eastern part of our country is part of our security guarantees,” he said.

ZELENSKYY CLAIMS TRUMP SAID US WILL CONSIDER GIVING UKRAINE DECADES OF SECURITY GUARANTEES

Ukrainian President Volodymyr Zelenskyy warned that abandoning Donbas would hand Russia heavily fortified Ukrainian defensive lines.  (Joe Raedle/Getty Images)

Russian President Vladimir Putin has long insisted that full control of Donbas is central to Moscow’s war aims. While Russian forces have made gains, analysts cited by Reuters say progress has been slow, and capturing the remaining territory could take significant time and manpower.

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Zelenskyy also warned that Moscow is betting Washington will lose interest if negotiations stall. 

“Russia is counting on the fact that the United States will not have the strength or patience to bring this to an end,” he said.

Despite tensions over negotiations, Zelenskyy thanked the Trump administration for continuing deliveries of Patriot missile defense systems, which Ukraine relies on to intercept Russian ballistic missiles. 

“Deliveries to us were not stopped. I’m very grateful to President Trump, and to his team,” he said, while adding that supplies remain insufficient.

In parallel with the diplomatic push, Zelenskyy signaled a broader strategy to expand Ukraine’s role as a security provider, particularly in the Middle East, where countries are seeking solutions to large-scale drone and missile threats.

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UKRAINE PEACE TALKS PRODUCTIVE AS EX-GOVERNMENT OFFICIAL SAYS COUNTRY RETHINKING ‘UNCOMPROMISING’ STANCE

A cemetery worker prepares a burial vault at military cemetery outside of the city of Dnipro, Ukraine, May 25, 2023. (Seth Herald/Anadolu Agency via Getty Images)

“The United States has reached out to us regarding their bases in Middle Eastern countries,” Zelenskyy wrote on X Thursday, adding that Saudi Arabia, Qatar, the United Arab Emirates, Bahrain, Jordan and Kuwait have also approached Ukraine.

He said Ukrainian teams are already on the ground sharing operational experience, particularly in countering mass drone attacks. 

“No matter how many Patriots, THAADs, or other air defense systems are in the Middle East, that alone is not enough,” he wrote. “There are modern interceptors designed to counter heavy drone strikes.”

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Zelenskyy also indicated Ukraine is exploring defense trade arrangements, offering to sell surplus systems and expertise while seeking access to air defense missiles it currently lacks. 

“Funding is the scarcest resource today,” he wrote, noting Ukraine’s defense industry is operating at roughly half capacity and needs additional financing to scale drone production.

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Ukraine is exploring defense trade arrangements, the country’s president said.  (Iryna Rybakova/Press Service of the 93rd Kholodnyi Yar Separate Mechanized Brigade of the Ukrainian Armed Forces/Reuters)

In separate posts tied to an address at a Joint Expeditionary Force summit, Zelenskyy emphasized that Ukraine’s battlefield experience could play a broader role in European and global security.

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“We have this experience. … Let’s bring all of this together even more,” he wrote, calling for deeper cooperation with European partners and warning that the continent must build its own capacity to produce air defense systems rather than rely on external suppliers.

Reuters contributed to this story.

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