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.
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.
Eurofound (2016), Flixbus, Merger/Acquisition in European Union, factsheet number 88806, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88806.