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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale On A Fee Or Contract Basis 46.19 - Agents involved in the sale of a variety of goods
1,000 jobs Number of planned job losses
Announcement Date
7 October 2008
Employment effect (start)
Foreseen end date
Description
e-Bay, an online auction and shopping website, has announced plans to reduce its global workforce by about 10%, affecting 1,000 employees in addition to several hundred temporary workers and the reduction of open positions. Restructuring charges are expected to be approximately USD 70-80 million. The global reduction is intended to improve company´s cost structure and strengthen the overall competitiveness of the company´s existing businesses.
Sources
7 October 2008: Hospodárske noviny
Citation
Eurofound (2008), eBay, Internal restructuring in World, factsheet number 67190, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67190.
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