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.
Dutch travel agency start-up Travelbird has announced the loss of 100 jobs at its headquarters in Amsterdam. The job loss is the result of a new growth strategy, following the decision to pull out of five of its seventeen national markets: Portugal, Hungary, Spain, Italy and Poland. The company stated that these countries did not show the same growth potential as the remaining twelve. The company was started five years ago, and has a stated goal of turning a profit next year. In May, Travelbird received a €16.5 million injection from German company Global Founders Capital.
Eurofound (2015), Travelbird, Internal restructuring in Netherlands, factsheet number 85210, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85210.