Financial woes continue into 2025 for Ebusco with significant job cuts planned in Q1
By Luke Willetts - 15th January 2025
Ebusco employee
Netherlands – 2024 was a tumultuous time for Dutch electric bus builder Ebusco Holding NV. Significant cash flow issues could put the OEM into administration if its turnaround strategy implemented by the Board of Directors last year doesn’t work in steadying the proverbial ship, in this case, bus. The company announced it will be implementing job cuts this year as part of this restructuring plan. This will mean reducing its workforce by approximately 16.5%, equating to 102 full-time equivalent positions. This will take place in Q1 2025 with Ebusco submitting a request to the Netherlands Employees Insurance Agency (UWV) and informing trade unions about its intentions.
The company is also shifting to an “Original Equipment Designer (OED) model”, focusing on design and development while outsourcing production. These measures aim to optimise the organisation and improve financial performance.
