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 Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.3 - Other passenger land transport
210 jobs Number of planned job losses
Announcement Date
13 September 2016
Employment effect (start)
10 October 2016
Foreseen end date
Description
German company Flixbus is to cut 210 jobs as part of a de-deduplication effort following their purchase of Megabus Europe from Scottish company Stagecoach. 50 of the jobs will be lost in Germany, with a further 160 in Belgium and Italy. The initial purchase was confirmed at the beginning of July, with further details of the plans obtained by German magazine "Panorama 3" in September. The reason for the redundancies is the conflicting business models of Flixbus and Stagecoach; Flixbus subcontracts its drivers, meaning that those who had a contract with Megabus were no longer needed. Panorama 3 reports that other opportunities within the company were available to those made redundant, but does not give details on what these were.
Sources
13 September 2016: Rheinische Post
29 June 2016: RTT News
Citation
Eurofound (2016), Flixbus, Merger/Acquisition in European Union, factsheet number 88806, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88806.
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