CBAM and Tariffs: Home Appliance Manufacturer Plans to Cut Jobs1 June 2026 – A major European home appliance manufacturer plans to cut more than 1,700 jobs in Italy, in addition to plant closures in Hungary by the end of 2026 – the background: excessively high production costs in Europe, including due to CBAM, tariffs and inflated steel prices. Base metals in Asia and Europe are starting the week calmly. Source