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.
Administrative Services Travel Agency, Tour Operator And Other Reservation Service And Related Activities Travel Agency And Tour Operator Activities 79.1 - Travel agency and tour operator activities
100 jobs Number of planned job losses
Announcement Date
15 October 2015
Employment effect (start)
Foreseen end date
Description
Dutch travel agency start-up Travelbird has announced the loss of 100 jobs at its headquarters in Amsterdam. The job loss is the result of a new growth strategy, following the decision to pull out of five of its seventeen national markets: Portugal, Hungary, Spain, Italy and Poland. The company stated that these countries did not show the same growth potential as the remaining twelve. The company was started five years ago, and has a stated goal of turning a profit next year. In May, Travelbird received a €16.5 million injection from German company Global Founders Capital.
Sources
15 October 2015: DutchNews.nl
15 October 2015: tnooz
Citation
Eurofound (2015), Travelbird, Internal restructuring in Netherlands, factsheet number 85210, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85210.
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.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
