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.
AirBaltic, a Latvian airline, announced that the cut between 500 and 700 jobs across its bases in Latvia, Lithuania, and Estonia. The reductions will affect pilots, cabin crew and other staff at the Riga, Vilnius and Tallinn locations, with decisions expected to be finalized by mid-October 2026.
The cuts are part of a new business plan aimed at strengthening financial stability, streamlining routes and reducing fleet size through an Airbus A220-300 programme and closer ACMI cooperation.
AirBaltic currently employs about 3 000 staff worldwide.
Updated, 28/10/2026 AirBaltic has clarified that the collective redundancy now involves approximately 300 flight crew—about 100 pilots and 200 cabin staff—across its bases in Riga, Vilnius and Tallinn. The initial estimate of 500–700 positions has been narrowed to these confirmed cuts, with all pilots affected at each base and all cabin crew reductions concentrated at Riga. Employees will receive notifications from 31 October, and relocation options are offered within the group where vacancies exist. Negotiations with trade unions continue regarding selection criteria and potential voluntary exits.
Eurofound (2026), AirBaltic, Internal restructuring in European Union, factsheet number 301242, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301242.
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