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.
Norwegian online marketplaces company Schibsted Marketplaces, a subsidiary of Schibsted, has announced that it will cut 250 jobs worldwide.
The layoffs will affect jobs in Norway, Sweden, Finland, and Denmark until the end of September 2024. The conditions of the programme will be negotiated with employee representatives according to local regulations.
In 2023, Schibsted announced that it would be split into two: the news media in Stiftelsen Tinius and the remaining business, Schibsted Marketplaces, which will be focused on its four core verticals: mobility, real estate, jobs and recommerce. Under the restructuring programme, the company is to build a simpler and more cost-effective organisation.
Schibsted Marketplaces operates online marketplaces in Norway, Sweden, Finland and Denmark.
Eurofound (2024), Schibsted Marketplace, Internal restructuring in World, factsheet number 201339, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201339.