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.
Eesti Energia, an Estonian energy company, announced the loss of 390 jobs across its subsidiaries as part of a plan to align costs with market conditions. The layoffs are scheduled to begin on 5 November 2026, with full implementation expected later that year.
The reduction targets non-critical production support roles and core centre positions within the group, but does not affect operators in oil or power plants. Notably, this move comes despite the company reporting a 36% increase in net profit over the last nine months.
Management cites rising market uncertainty and a need for sustainable financial footing as key drivers behind the restructuring.
The company employs approximately 3 900 staff before the cuts.
Eurofound (2026), Eesti Energia, Internal restructuring in Estonia, factsheet number 301387, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301387.
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