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 Land Transport And Transport Via Pipelines 49 - Land transport and transport via pipelines
200 jobs Number of planned job losses
Announcement Date
6 August 2007
Employment effect (start)
Foreseen end date
31 December 2007
Description
Eesti Raudtee, an Estonian rail transport company, is to make 200 redundant. The decision to make the redundancies is attributable to falling Russian demand for Estonian rail services. This trend became particularly marked after a diplomatic row between Russia and Estonia in May 2007. The majority of the employees who are to lose their jobs work in areas related directly related to rail transit, however some work in administration. 2357 employees work for the firm across Estonia.
Several firms have expressed interest in employing the workers who are to lose their jobs. Included in these firms are Falck, a security company, Kohila, a paper mill, and Elcoteq, an electronics manufacturer. There are also vacancies in Tallinn for various public transport companies. Eesti Raudtee, together with the Estonian Labour Market Board, also plans to help the affected workers to re-train.
Eurofound (2007), Eesti Raudtee, Internal restructuring in Estonia, factsheet number 65689, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65689.
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