EMCC European Monitoring Centre on Change

Uber

Company/Organisation:
Uber

Geographic Location

Country: Netherlands
Region: Groot-Amsterdam; Noord-Holland; West-Nederland
Location of affected unit(s): Amsterdam

Company

Sector: Transportation / storage
Transportation and storage
49.32 - Taxi operation

Employment Effects

Announcement Date: 12-06-2020
Planned Job Reductions min: 225
Type of Restructuring: Internal restructuring

Additional Information

US e-hailing platform Uber has announced it will cut 225 of the 1,500 jobs at its office in Amsterdam. The job cuts are part of a worldwide reorganisation, which was already announced in May (3,700 jobs cut). As a result of the COVID-19 crisis, turnovers have dropped with roughly 80%, causing an urgent need for cost reductions. Uber states that it has developed a strong social plan for the employees who will lose their jobs. In May, the company already reserved around $35 million (€31.09 million) for severance and other benefits payouts resulting from the worldwide reorganisation. 

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