Uber

Type
Internal restructuring
Country
Netherlands
Region
West-Nederland; Noord-Holland; Groot-Amsterdam
Location of affected unit(s)
Amsterdam
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.32 - Taxi operation
225 jobs
Number of planned job losses
Job loss
Announcement Date
12 June 2020
Employment effect (start)
Foreseen end date

Description

US e-hailing platform Uber has announced it will cut 225 of the 1,500 jobs at its office in Amsterdam. The job cuts are part of a worldwide reorganisation, which was already announced in May (3,700 jobs cut). As a result of the COVID-19 crisis, turnovers have dropped with roughly 80%, causing an urgent need for cost reductions. Uber states that it has developed a strong social plan for the employees who will lose their jobs. In May, the company already reserved around $35 million (€31.09 million) for severance and other benefits payouts resulting from the worldwide reorganisation. 

Sources

  • 12 June 2020: Het Financieele Dagblad (fd.nl)

Citation

Eurofound (2020), Uber, Internal restructuring in Netherlands, factsheet number 100924, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100924.