Restructuring events
European Restructuring Monitor (ERM)
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.
American online travel agency Expedia Group has announced that it will cut about 1,500 jobs, which is about nine per cent of its global workforce.
So far, the company has revealed that the restructuring programme will affect about 350 positions in the Czech Republic Expedia-2024-CZ. The layoffs in the Czech branch will affect employees responsible for communication with hotels in Europe, Africa, and the Middle East, and solving users’ technical problems. The company will move these operations to cheaper countries, such as India and Guatemala.
Expedia Group was founded in 1996 in the United States. The company owns and operates travel fare aggregators and travel metasearch engines, including Expedia, Hotels.com, Vrbo, and Trivago. Expedia employs about 17,000 people worldwide.
Eurofound (2024), Expedia, Internal restructuring in World, factsheet number 201299, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201299.