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.
Booking.com, a global web portal operator in the travel and accommodation sector and part of the US-based Booking Holdings group, has announced the planned dismissal of up to 1,000 employees as part of an internal restructuring aimed at improving efficiency. The restructuring will primarily affect managerial layers within the organization, particularly at the company’s headquarters in Amsterdam, where between 200 and 1,000 jobs are expected to be cut. Despite strong financial performance, the company stated that the restructuring is intended to streamline operations and reduce bureaucracy.
The restructuring process began earlier in 2024 and was initially concentrated on upper management, where 50 positions were already eliminated. A collective agreement was reached in July 2024 with trade unions after months of negotiations. The updated social plan improves severance conditions for lower-income employees, increasing the voluntary departure compensation by €2,500. Trade unions reported broad support among their members for the agreement, which includes both a voluntary departure scheme and a broader social plan.
Eurofound (2025), Booking.com, Internal restructuring in Netherlands, factsheet number 203111, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203111.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
