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COPENHAGEN (Reuters) -Danish jewellery maker Pandora's said on Tuesday that CEO Alexander Lacik will retire in March of 2026 after seven years at the helm and will be succeeded by Chief Marketing Officer Berta de Pablos-Barbier. The incoming CEO was hired in November of 2024 as a potential future leader of Pandora, and was the strongest candidate for the top job, the company said in a statement. "She is the right person to lead our continued growth, and I am pleased that we can maintain strategic focus and momentum during this smooth and orderly leadership transition," Pandora Chair Peter Ruzicka said. Before joining Pandora, Berta de Pablos-Barbier served as the head of LVMH champagne brands and prior to that worked at Mars Wrigley, Lacoste and jeweller Boucheron over a 30-year career in luxury and consumer goods. (Reporting by Elviira Luoma, editing by Terje Solsvik)

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By Anjana Anil and Emily Chow SINGAPORE (Reuters) -Oil prices fell on Tuesday as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq's Kurdistan region via Turkey reinforced the outlook for a looming supply surplus. Brent crude futures for November delivery, expiring on Tuesday, fell 28 cents, or 0.4%, to $67.69 a barrel by 0630 GMT. The more active contract for December was down 33 cents, or 0.5%, at $66.76 per barrel. U.S. West Texas Intermediate crude was trading at $63.16 a barrel, down 29 cents, or 0.5%. The drops extend Monday's falls when both Brent and WTI settled more than 3% lower after logging their sharpest daily declines since August 1. Oil's falls came as Iraq's Kurdistan region resumed crude oil exports over the weekend and amid reports that OPEC+ is likely to approve an increase in production for November at its meeting this weekend, IG analyst Tony Sycamore wrote in a note to clients. In a meeting scheduled for Sunday, the Organization of the Petroleum Exporting Countries and allies including Russia, together known as OPEC+, will likely approve another oil production increase of at least 137,000 barrels per day, three sources familiar with the talks said. "Although (OPEC+ is) under their quota anyway, the market still does not seem to like the fact that more oil is coming in," Marex analyst Ed Meir said. Meanwhile, crude oil flowed on Saturday through a pipeline from the semi-autonomous Kurdistan region in northern Iraq to Turkey for the first time in 2-1/2 years, after an interim deal broke a deadlock, Iraq's oil ministry said. The market has remained cautious in recent weeks, balancing supply risks, mainly arising from Ukraine's drone attacks on Russian refineries, with concerns of oversupply and weak demand. Adding to the bearish sentiment, the potential risk of a U.S. government shutdown has raised demand concerns, said ANZ analysts in a note on Tuesday. A U.S. government shutdown could disrupt a wide range of services and delay economic data releases, including the Friday-scheduled payrolls report, which is crucial for decision-making by policymakers at the Federal Reserve. Elsewhere, U.S. President Donald Trump won Israeli Prime Minister Netanyahu's support for a U.S.-backed Gaza peace proposal, but Hamas's stance remained uncertain. (Reporting by Anjana Anil in Bengaluru and Emily Chow in Singapore; Editing by Muralikumar Anantharaman and Christian Schmollinger)

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(Reuters) -Boeing is in the early stages of developing a new single-aisle airplane that would eventually replace the 737 MAX, the Wall Street Journal reported on Monday, citing people familiar with the matter. Reuters could not immediately confirm the report. Rolls-Royce declined to comment, while Boeing did not respond to a Reuters' request for comment.  The 737 MAX entered service in 2017 but was grounded globally in 2019 after two fatal crashes killed 346 people. The incidents slashed Boeing's profits and triggered lawsuits, investigations, and a criminal probe by the U.S. Department of Justice. The Federal Aviation Administration lifted the grounding order in 2020 during the COVID-19 pandemic. Last Friday, the FAA said it would allow the planemaker to issue airworthiness certificates for some 737 MAX jets, starting this week. This authority had been revoked in 2019 following the second fatal crash involving the model in Ethiopia. Earlier this year, Boeing CEO Kelly Ortberg met with officials from Rolls-Royce Holdings in the UK to discuss a new engine for the aircraft, according to the WSJ report.  The U.S. planemaker has also been designing the flight deck of a new narrow-body aircraft, the report said, adding that development remains in the early planning phase, with final decisions yet to be made. The planemaker told WSJ that its recovery plan remains on track, with priorities including the delivery of roughly 6,000 back-logged commercial airplanes and the certification of previously announced models. Still, Boeing continues to face regulatory scrutiny. In early 2024, the FAA imposed a production cap of 38 per month for 737 MAX planes after a mid-air cabin panel blowout on a new Alaska Airlines jet, which was later found to be missing four bolts. The Alaska Airlines incident prompted the U.S. Justice Department, under then-President Joe Biden, to open a criminal investigation and declare that Boeing was not in compliance with a 2021 deferred prosecution agreement made after the company had misled the FAA during the 737 MAX regulatory certification process. (Reporting by Nilutpal Timsina in Bengaluru; Editing by Sherry Jacob-Phillips and Mrigank Dhaniwala)

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By Sai Ishwarbharath B, Haripriya Suresh and Rishika Sadam BENGALURU/HYDERABAD (Reuters) -Donald Trump's H-1B visa crackdown will hasten U.S. firms' shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say. The world's fifth-largest economy is home to 1,700 GCCs, or more than half the global tally, having outgrown its tech support origins to become a hub of high-value innovation in areas from design of luxury car dashboards to drug discovery. Trends such as growing adoption of artificial intelligence and increasing curbs on visas are pushing U.S. firms to redraw labour strategies, with GCCs in India emerging as resilient hubs blending global skills with strong domestic leadership. "GCCs are uniquely positioned for this moment. They serve as a ready in-house engine," said Rohan Lobo, partner and GCC industry leader at Deloitte India, who said he knew of several U.S. firms reassessing their workforce needs. "Plans are already underway" for such a shift, he added, pointing to greater activity in areas such as financial services and tech, and particularly among firms with exposure to U.S. federal contracts. Lobo said he expected GCCs to "take on more strategic, innovation-led mandates" in time. U.S. President Trump raised the cost of new H-1B visa applications this month to $100,000, from an existing range of $2,000 to $5,000, adding pressure on U.S. firms that relied on skilled foreign workers to bridge critical talent gaps. On Monday, U.S. senators reintroduced a bill to tighten rules on the H-1B and L-1 worker visa programmes, targeting what they called loopholes and abuse by major employers. If Trump's visa curbs go unchallenged, industry experts expect U.S. firms to shift high-end work tied to AI, product development, cybersecurity, and analytics to their India GCCs, choosing to keep strategic functions in-house over outsourcing. Growing uncertainty fuelled by the recent changes has given fresh impetus to discussions about shifting high-value work to GCCs that many firms were already engaged in. "There is a sense of urgency," said Lalit Ahuja, founder and CEO of ANSR, which helped FedEx, Bristol-Myers Squibb, Target and Lowe's set up their GCCs. REASSESSING INDIA STRATEGIES Such a rush could lead to "extreme offshoring" in some cases, said Ramkumar Ramamoorthy, a former managing director of Cognizant India, adding that the COVID-19 pandemic had shown key tech tasks could be done from anywhere. Big Tech, including Amazon, Microsoft, Apple and Google parent Alphabet, along with Wall Street bank JPMorgan Chase and retailer Walmart, were among the top sponsors of H-1B visas, U.S. government data showed. All have major operations in India but did not want to comment as the issue is a politically sensitive one. "Either more roles will move to India, or corporations will near-shore them to Mexico or Colombia. Canada could also take advantage," said the India head of a retail GCC. Even before Trump's hefty fee on new H1-B visa applications and plan for a new selection process to favour the better-paid, India was projected to host the GCCs of more than 2,200 companies by 2030, with a market size nearing $100 billion. "This whole 'gold rush' will only get accelerated," Ahuja said. IMPLICATIONS FOR INDIA Others were more skeptical, preferring a "wait and watch" approach, especially as U.S. firms could face a 25% tax for outsourcing work overseas if the proposed HIRE Act is passed, bringing significant disruption in India's exports of services. "For now, we are observing and studying, and being ready for outcomes," said the India head of a U.S. drugmaker's GCC. India-U.S. trade tension has spilled into services from goods, with visa curbs and the proposed HIRE Act threatening to reduce India's lower-cost edge and choke cross-border flows of services. While the $283-billion IT industry that contributes nearly 8% of India's GDP may feel the strain, surging demand for GCC services could cushion such a blow, however. "Lost revenues from H-1B visa reliant businesses could be somewhat supplanted by higher services exports through GCCs, as U.S.-based firms look to bypass immigration restrictions to outsource talent," Nomura analysts said in a research note last week. (Reporting by Sai Ishwarbharath B, Haripriya Suresh, Abhirami G, Abinaya V, Chandini Monnappa in Bengaluru, Rishika Sadam in Hyderabad, and Praveen Paramasivam in Chennai; Editing by Dhanya Skariachan)

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By Sai Ishwarbharath B, Haripriya Suresh and Rishika Sadam BENGALURU/HYDERABAD (Reuters) -Donald Trump's H-1B visa crackdown will hasten U.S. firms' shift of critical work to India, turbocharging the growth of global capability centres (GCCs) that handle operations from finance to research and development, economists and industry insiders say. The world's fifth-largest economy is home to 1,700 GCCs, or more than half the global tally, having outgrown its tech support origins to become a hub of high-value innovation in areas from design of luxury car dashboards to drug discovery. Trends such as growing adoption of artificial intelligence and increasing curbs on visas are pushing U.S. firms to redraw labour strategies, with GCCs in India emerging as resilient hubs blending global skills with strong domestic leadership. "GCCs are uniquely positioned for this moment. They serve as a ready in-house engine," said Rohan Lobo, partner and GCC industry leader at Deloitte India, who said he knew of several U.S. firms reassessing their workforce needs. "Plans are already underway" for such a shift, he added, pointing to greater activity in areas such as financial services and tech, and particularly among firms with exposure to U.S. federal contracts. Lobo said he expected GCCs to "take on more strategic, innovation-led mandates" in time. U.S. President Trump raised the cost of new H-1B visa applications this month to $100,000, from an existing range of $2,000 to $5,000, adding pressure on U.S. firms that relied on skilled foreign workers to bridge critical talent gaps. On Monday, U.S. senators reintroduced a bill to tighten rules on the H-1B and L-1 worker visa programmes, targeting what they called loopholes and abuse by major employers. If Trump's visa curbs go unchallenged, industry experts expect U.S. firms to shift high-end work tied to AI, product development, cybersecurity, and analytics to their India GCCs, choosing to keep strategic functions in-house over outsourcing. Growing uncertainty fuelled by the recent changes has given fresh impetus to discussions about shifting high-value work to GCCs that many firms were already engaged in. "There is a sense of urgency," said Lalit Ahuja, founder and CEO of ANSR, which helped FedEx, Bristol-Myers Squibb, Target and Lowe's set up their GCCs. REASSESSING INDIA STRATEGIES Such a rush could lead to "extreme offshoring" in some cases, said Ramkumar Ramamoorthy, a former managing director of Cognizant India, adding that the COVID-19 pandemic had shown key tech tasks could be done from anywhere. Big Tech, including Amazon, Microsoft, Apple and Google parent Alphabet, along with Wall Street bank JPMorgan Chase and retailer Walmart, were among the top sponsors of H-1B visas, U.S. government data showed. All have major operations in India but did not want to comment as the issue is a politically sensitive one. "Either more roles will move to India, or corporations will near-shore them to Mexico or Colombia. Canada could also take advantage," said the India head of a retail GCC. Even before Trump's hefty fee on new H1-B visa applications and plan for a new selection process to favour the better-paid, India was projected to host the GCCs of more than 2,200 companies by 2030, with a market size nearing $100 billion. "This whole 'gold rush' will only get accelerated," Ahuja said. IMPLICATIONS FOR INDIA Others were more skeptical, preferring a "wait and watch" approach, especially as U.S. firms could face a 25% tax for outsourcing work overseas if the proposed HIRE Act is passed, bringing significant disruption in India's exports of services. "For now, we are observing and studying, and being ready for outcomes," said the India head of a U.S. drugmaker's GCC. India-U.S. trade tension has spilled into services from goods, with visa curbs and the proposed HIRE Act threatening to reduce India's lower-cost edge and choke cross-border flows of services. While the $283-billion IT industry that contributes nearly 8% of India's GDP may feel the strain, surging demand for GCC services could cushion such a blow, however. "Lost revenues from H-1B visa reliant businesses could be somewhat supplanted by higher services exports through GCCs, as U.S.-based firms look to bypass immigration restrictions to outsource talent," Nomura analysts said in a research note last week. (Reporting by Sai Ishwarbharath B, Haripriya Suresh, Abhirami G, Abinaya V, Chandini Monnappa in Bengaluru, Rishika Sadam in Hyderabad, and Praveen Paramasivam in Chennai; Editing by Dhanya Skariachan)

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(Reuters) -Cosmetics-maker Coty is conducting a strategic review of CoverGirl and its other mass-market beauty brands, and will consider options including selling or spinning them off, the Wall Street Journal reported on Tuesday, citing a company announcement reviewed by the newspaper. Reuters could not immediately verify the report. (Reporting by Ruchika Khanna in Bengaluru; Editing by Sonia Cheema)

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(Reuters) -Several European companies have frozen hiring or cut jobs this year, citing difficult economic conditions exacerbated by U.S. tariffs. Here are some of the companies that announced layoffs: CAR AND CAR PARTS MAKERS * BOSCH – The German company will cut 13,000 jobs as it battles a sluggish market, high costs and pressure from rivals, it said on September 25. * DAIMLER TRUCK: The truckmaker confirmed media reports on August 1 that it would cut 2,000 jobs across its plants in the U.S. and Mexico, on top of the previously announced 5,000 job cuts in Germany. * STELLANTIS: The automaker expanded its voluntary redundancy scheme for Italy, bringing the total planned workforce reduction to almost 2,500 in 2025, it said on June 10. * VOLKSWAGEN: The company's CFO said on April 30 it had cut headcount in Germany by around 7,000 since starting cost savings in late 2023.  * VOLVO CARS: The Swedish carmaker will cut 3,000 mostly white-collar jobs as part of a wider restructuring, it said on May 26. BANKS * COMMERZBANK: The German bank said on May 14 it had agreed with the works council on terms to cut around 3,900 jobs by 2028. * LLOYDS: The British bank will consider the dismissal of around half of 3,000 staff to cut costs, a source familiar with the matter told Reuters on September 4. ENERGY * OMV: The Austrian oil and gas company plans to cut 2,000 positions, or a twelfth of its global workforce, the Kurier newspaper reported on September 4. INDUSTRIALS AND ENGINEERING * STMICROELECTRONICS : The French-Italian chipmaker's CEO said on June 4 he expected 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced in 2025. CONSUMER GOODS * BURBERRY: The British luxury brand will shed 1,700 jobs or around a fifth of its global workforce to cut costs, it said on May 14. * LVMH: The Financial Times reported on May 1, citing an internal video, that the luxury group's wine and spirits unit Moet Hennessy would cut its workforce by about 1,200 employees. OTHERS *JUST EAT TAKEAWAY: The food delivery company's German unit Lieferando plans to cut 2,000 jobs from end-2025 to optimise the model of its delivery service, the company said on July 17. * LUFTHANSA: The German airline group said on September 28 it would cut 4,000 administrative jobs by 2030. * NOVO NORDISK: The Danish pharmaceutical company will cut 9,000 jobs globally, the company said on September 10. Sources: Regulatory filings, Reuters reporting and company websites ($1 = 0.8806 euros) ($1 = 6.3754 Danish crowns) (Compiled by Boleslaw Lasocki and Bernadette Hogg in Gdansk; Edited by Milla Nissi-Prussak, Tomasz Janowski, Philippa Fletcher and Matt Scuffham)

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By Joe Cash BEIJING (Reuters) -China's manufacturing activity shrank for a sixth month in September, an official survey showed on Tuesday, suggesting producers are waiting for further stimulus to boost domestic demand, as well as clarity on a U.S. trade deal. The official purchasing managers' index (PMI) rose to a six-month high of 49.8 in September versus 49.4 in August. It remained below the 50-mark separating growth from contraction, but topped a median forecast of 49.6 in a Reuters poll. The prolonged slump underlines the twin pressures on China's economy: domestic demand has failed to mount a durable recovery in the years since the pandemic while U.S. President Donald Trump's tariffs have squeezed Chinese factories as well as overseas firms that buy components. All the same, a separate private-sector survey of factory managers showed the fastest expansion since March, buoyed by rising new orders and accelerated production growth, including an uptick in new export orders. The two surveys cover different pools of producers, with the National Bureau of Statistics (NBS) placing more emphasis on large- and medium-sized firms focused on domestic sales, while the RatingDog General PMI, compiled by S&P Global, which came in at 51.2, up from 50.5 in August, includes a larger share of export-orientated private companies. "The rebound reflects a seasonal uptick as the summer disruptions are behind us and the government becomes more supportive," said Xu Tianchen, senior economist at the Economist Intelligence Unit, referring to the official PMI's headline figure. China's economic momentum is marked by swings, he added: a strong first quarter from early stimulus, a slower midyear, followed by a fourth quarter rebound as the government ramps up support measures to meet growth targets. Markets remained steady following the data, with attention focussed on policymakers' plans for near-term stimulus and a meeting of the ruling Communist Party in October to map out the next five years of China's social and economic development. UNCERTAINTY OVER U.S. TRADE DEAL, STIMULUS Policymakers rolled out a series of consumer loan subsidies in mid-August, a decision vindicated by separate factory output and retail sales data for the month, which saw their weakest growth in 12 months. Pan Gongsheng, the governor of the People's Bank of China, said last week a range of monetary policy tools to support the economy remained available, but refrained from following the U.S. Federal Reserve with a rate cut, as some economists speculated the central bank might. Despite signs the $19 trillion economy is losing momentum, authorities appear in no hurry to roll out major stimulus measures, given resilient exports and a stock market rally, market watchers say. Adding to signs of a slowdown, the official non-manufacturing PMI, which includes services and construction, fell to 50.0 from 50.3 in August, according to the NBS, its worst reading since November. The NBS composite PMI of manufacturing and non-manufacturing came in at 50.6 in September, compared with 50.5 in August. "Third-quarter economic activity and inflation data released to date suggest a strong case for further policy support in the coming months," Lynn Song, chief economist for Greater China at ING, said, adding he expected a 10-basis-point rate cut and a 50-bp cut to the amount banks must hold in reserve before the year's end. The new export orders sub-index contracted for a seventeenth straight month, while employment and factory gate prices also remained firmly in the doldrums. The EIU's Xu said the combination of strong export performance and weak new orders suggests growth is concentrated in a few firms, making the PMI a less reliable indicator of the country's overall export strength. China's exports to regional rival India hit an all-time high in August, according to customs data, and shipments to Africa and Southeast Asia are on track for annual records. But no other country comes close to the consumption power of the U.S., where Chinese producers sell more than $400 billion worth of goods annually, accounting for around 14% of total exports. Chinese leader Xi Jinping phoned Trump on September 19 for the first time in three months, and while the call appeared to ease tensions, it remains unclear whether it yielded the expected agreement on popular short-video app TikTok, which analysts see as key to a broader trade deal. Disagreements on technical details appeared to be weighing on negotiations, as Chinese and U.S. trade officials met again last Thursday to revisit issues discussed in talks before this month's Madrid summit, where a framework TikTok deal was reached. Zichun Huang, China economist at Capital Economics, is "sceptical that economic growth is on the cusp of a sustained rebound." "Overcapacity remains a problem and the output price components declined, suggesting deflationary pressures remain entrenched," she said. (Reporting by Joe Cash; Editing by Sam Holmes and Shri Navaratnam)

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By Rocky Swift TOKYO (Reuters) -Shares in Asia edged higher on Tuesday and gold kept up its record ascent as markets weighed prospects for a U.S. government shutdown that would delay the release of closely watched jobs figures. The Australian dollar added to gains after the central bank held policy rates unchanged, as widely expected. Oil fell on prospects for greater production by OPEC+, while China's manufacturing activity shrank for a sixth month in September.U.S. Vice President JD Vance said the government appeared "headed to a shutdown" after little progress in budget talks between President Donald Trump and Democratic opponents. A government closure would halt the issue of key employment numbers due this week, putting the spotlight on the Labor Department's JOLTS report on August job openings due later on Tuesday. "It does look as though markets are bracing themselves for the likelihood that we will see a shutdown," Ray Attrill, the head of FX research at National Australia Bank, said on a podcast. "If we know we're not going to get the payrolls numbers, it will just shine a brighter spotlight on the numbers that we do have." MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, poised for a gain of 5.3% this month. Japan's Nikkei stock index added 0.1%, reversing from early losses. China's blue-chip CSI300 Index rose 0.2%, set for a fifth straight month of gains in its longest such streak since October 2017. The dollar slid 0.1% to 148.46 yen after Monday's slide of 0.6%. The euro was flat at $1.1724, and the Australian dollar strengthened 0.5% versus the greenback to $0.6605. SHUTDOWN COULD LEAVE FED WITHOUT KEY DATA The U.S. JOLTS report is the first of several indicators expected ahead of the September employment report due Friday that is considered key to the Federal Reserve's calculations for the timing of rate cuts. A protracted government closure could leave the Fed flying blind on the economy when it meets on October 29, however. Analysts expect JOLTS to show job openings held firm at about 7.18 million in August. "The most immediate implication for the markets is the shutdown may delay the release of certain data, including the critical non-farm payrolls report," Capital.com analyst Kyle Rodda wrote in a note. "The primary focus for market participants is currently the path forward for U.S. interest rates, with asset prices being supported by the notion that cuts are coming and they could end up being relatively deep." Without a deal, a U.S. government shutdown would begin from Wednesday, the same day new U.S. tariffs are set to take effect on heavy trucks, patented drugs and other items. The White House announced revised tariffs on furniture and cabinets late on Monday that are due to kick in on October 14. In Asian economic data, China's purchasing managers' index (PMI) rose to 49.8 in September versus 49.4 in August, below the 50-mark separating growth from contraction. It suggested producers are waiting for further stimulus to boost domestic demand, as well as clarity on a U.S. trade deal. Data in Japan showed factory output fell more than expected in August. The Reserve Bank of Australia left its cash rate steady at 3.60%, saying recent data suggested inflation might be higher than forecast in the third quarter and that the economic outlook remained uncertain. The economic and trade uncertainty was a tailwind for gold, which reached an all-time high $3,866.99. Oil stayed weaker due to an anticipated production increase by OPEC+ and the resumption of oil exports from Iraq's Kurdistan region. U.S. crude fell 0.6% to $63.10 a barrel and Brent slid to $67.53 per barrel, down 0.7% on the day. The pan-region Euro Stoxx 50 futures were down 0.09% at 5,525, German DAX futures slid 0.05% to 23,893, and FTSE futures fell 0.11% to 9,350. U.S. stock futures, the S&P 500 e-minis, were down 0.05% at 6,710. In cryptocurrencies, bitcoin was little changed at $114,289.88, while ether declined 0.7% to $4,200.85. (Reporting by Rocky Swift; Editing by Jamie Freed and Clarence Fernandez)

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(Reuters) -Several European companies have frozen hiring or cut jobs this year, citing difficult economic conditions exacerbated by U.S. tariffs. Here are some of the companies that announced layoffs: CAR AND CAR PARTS MAKERS * BOSCH – The German company will cut 13,000 jobs as it battles a sluggish market, high costs and pressure from rivals, it said on September 25. * DAIMLER TRUCK: The truckmaker confirmed media reports on August 1 that it would cut 2,000 jobs across its plants in the U.S. and Mexico, on top of the previously announced 5,000 job cuts in Germany. * STELLANTIS: The automaker expanded its voluntary redundancy scheme for Italy, bringing the total planned workforce reduction to almost 2,500 in 2025, it said on June 10. * VOLKSWAGEN: The company's CFO said on April 30 it had cut headcount in Germany by around 7,000 since starting cost savings in late 2023.  * VOLVO CARS: The Swedish carmaker will cut 3,000 mostly white-collar jobs as part of a wider restructuring, it said on May 26. BANKS * COMMERZBANK: The German bank said on May 14 it had agreed with the works council on terms to cut around 3,900 jobs by 2028. * LLOYDS: The British bank will consider the dismissal of around half of 3,000 staff to cut costs, a source familiar with the matter told Reuters on September 4. ENERGY * OMV: The Austrian oil and gas company plans to cut 2,000 positions, or a twelfth of its global workforce, the Kurier newspaper reported on September 4. INDUSTRIALS AND ENGINEERING * STMICROELECTRONICS : The French-Italian chipmaker's CEO said on June 4 he expected 5,000 staff to leave the company in the next three years, including 2,800 job cuts announced in 2025. CONSUMER GOODS * BURBERRY: The British luxury brand will shed 1,700 jobs or around a fifth of its global workforce to cut costs, it said on May 14. * LVMH: The Financial Times reported on May 1, citing an internal video, that the luxury group's wine and spirits unit Moet Hennessy would cut its workforce by about 1,200 employees. OTHERS *JUST EAT TAKEAWAY: The food delivery company's German unit Lieferando plans to cut 2,000 jobs from end-2025 to optimise the model of its delivery service, the company said on July 17. * LUFTHANSA: The German airline group said on September 28 it would cut 4,000 administrative jobs by 2030. * NOVO NORDISK: The Danish pharmaceutical company will cut 9,000 jobs globally, the company said on September 10. Sources: Regulatory filings, Reuters reporting and company websites ($1 = 0.8806 euros) ($1 = 6.3754 Danish crowns) (Compiled by Boleslaw Lasocki and Bernadette Hogg in Gdansk; Edited by Milla Nissi-Prussak, Tomasz Janowski, Philippa Fletcher and Matt Scuffham)

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