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.
Sebe AS, an urban passenger transport company in Estonia, announced the need to dismiss 148 employees out of a total of 332 employees by 30 June 2019. Most of the employees (135) are bus drivers. Sebe has operated public bus service in Tartu city for the past 8 years under a procurement contract. As a result of the recent procurement procedure, however, as of 1 July 2019, the new operator of the service in Tartu will be AS GoBus for the next 10 years. The head of the management of Sebe is certain that the bus drivers will find a new job rather quickly, especially as GoBus will need at least the same number of bus drivers to operate the service.
Eurofound (2019), Sebe, Internal restructuring in Estonia, factsheet number 97549, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97549.