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.
HT Laevateenindus, a ship repair and maintenance company in the Tallink Group, dismissed 150 employees. The dismissals will start in the middle of December 2020. The restructuring is a direct outcome of the COVID-19 pandemic, due to which the tourism sector experiences excessive economic challenges, which also affect support and production activities in the industry.
Currently, there is no information about the involvement of unions.
Tallink Group, which operates in Estonia and other countries, has been heavily impacted by the pandemic; the group announced a big restructuring programme affecting up to 2,000 employees across different subsidiaries.
Eurofound (2020), HT Laevateenindus, Internal restructuring in Estonia, factsheet number 101688, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101688.