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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Postal And Courier Activities 53.2 - Other Postal And Courier Activities
440 jobs Number of planned job losses
Announcement Date
26 September 2024
Employment effect (start)
26 September 2024
Foreseen end date
Description
Cycloon, a Dutch company operating in the delivery sector, has announced that the jobs of 440 people will be cut following the closure of sixteen bicycle courier locations and its central parcel sorting centre.
The reason behind this restructuring mainly relates to the market Cycloon operates in. The company has stated that it can no longer compete with others in the market, as per inflation and faster-growing competitors. Cycloon has also stated that they will only proceed with the delivery of packages that fit in the mailbox. As a consequence, sixty-eight full-time jobs will be cut.
As of September 2024, it is unknown when the restructuring will be implemented by.
Sources
26 September 2024: Het Financieele Dagblad (fd.nl)
Citation
Eurofound (2024), Cycloon, Internal restructuring in Netherlands, factsheet number 201687, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201687.
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