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 Water Transport 50.1 - Sea and coastal passenger water transport
550 jobs Number of planned job losses
Announcement Date
17 April 2020
Employment effect (start)
17 May 2020
Foreseen end date
17 May 2020
Description
Tallink Latvija, the Tallink Grupp subsidiary notified the State Employment Agency that it is launching a collective redundancies process involving 550 staff members. The affected employees are mainly crew members of the group's Latvian-flagged vessels MS Isabelle and MS Romantika, which operate on the Riga-Stockholm route, as well as the shore personnel in Latvia.
Both ships have been docked at the Port of Riga since mid-March due to the COVID-19 emergency situation and established travel restrictions declared to limit the spread of the disease. Both vessels currently have the minimum required level of technical crew on board. All other onboard employees have been at home on reduced salaries paid by the company for the last month.
The CEO of Tallink Grupp told the media that it is clear that the Riga-Stockholm route won’t be restored overnight or even in a matter of a few months. It is likely that the route won’t be restored to its pre-crisis capacity even this year. The group, therefore, will not have the same amount of jobs to offer in Latvia in the near future.
According with the annual review of 2019, Tallink Latvia employed on average 638 employees.
Eurofound (2020), Tallink Latvia, Closure in Latvia, factsheet number 100345, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100345.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
