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
193 - 200 jobs Number of planned job losses
Announcement Date
18 July 2008
Employment effect (start)
8 August 2008
Foreseen end date
31 December 2008
Description
The company Eesti Raudtee (Estonian Railways) is going to dismiss up to 200 workers by the end of 2008. Reasons for dismissals are the use of new technological solutions as substitutes for manpower on the one hand and decreasing amounts of cargo transport by railways in Estonia on the other.
The state-owned company Eesti Raudtee was founded on 1 January 1992; its task was the management of Estonian railways. Eesti Raudtee went through an unsuccessful privatisation process at the beginning of the decade and reverted to being a fully state-owned company in 2007. The lack of demand for Estonian railway services from the Russian side forced Eesti Raudtee to dismiss 200 workers in 2007 and 18 workers have already been individually dismissed since the beginning of 2008.
Eurofound (2008), Eesti Raudtee, Internal restructuring in Estonia, factsheet number 66928, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66928.
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