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 49 - Land transport and transport via pipelines 49.3 - Other passenger land transport 49.33 - On-demand passenger transport service activities by vehicle with driver
1,500 jobs Number of planned job creations
Announcement Date
24 November 2025
Employment effect (start)
1 January 2026
Foreseen end date
31 March 2026
Description
Cabify, a mobility company that operates a ride-hailing platform, has begun rolling out 800 newly authorised VTC (chauffeured transport vehicle) licences in Madrid by early 2026. According to the company, these initial licences will create over 1,500 direct and indirect jobs and generate an estimated €160 million in annual economic impact, encompassing salaries, social security contributions, and VAT revenues.
All newly deployed vehicles will be ECO or fully electric, aligning with sustainability goals. Cabify projects that their introduction will help remove approximately 5,300 private cars from circulation and avoid more than 5,000 tonnes of CO₂ emissions annually, freeing up an urban area equivalent to five times Madrid’s Plaza Mayor.
Eurofound (2025), Cabify, Business expansion in Spain, factsheet number 203742, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203742.
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