The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Via Stalls And Markets Or Other 47.91 - Retail sale via mail order houses or via Internet
8,000 jobs Number of planned job losses
Announcement Date
25 April 2023
Employment effect (start)
25 April 2023
Foreseen end date
31 December 2023
Description
Flink, the German food delivery startup, has announced that it is cutting 8,000 jobs from its global workforce during 2023 or around 40% of headcount. The job cuts will be targeted at all departments within the company though the technology department will be excluded. Difficult market conditions during 2022 has resulted in the company having to raise retail prices and review its cost structures. This restructuring is a result of the review, as well as a renewed focus on Germany, France and the Netherlands. It is in these countries where the cuts have also been targeted. Flink has also announced that it has, and will continue to, close department stores as part of the restructuring.
Eurofound (2023), Flink, Internal restructuring in World, factsheet number 108835, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108835.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
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