Internal restructuring
Location of affected unit(s)
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.1 - Publishing of books, periodicals and other publishing activities

35 - 40 jobs
Number of planned job losses
Job loss
Announcement Date
30 March 2020
Employment effect (start)
1 April 2020
Foreseen end date
30 April 2020


Äripäev, mainly active in the journalism sector, will cut 14% of the positions at the company, which accounts for around 40 jobs in the current pool of 274 roles. The redundancies will take place in April 2020. The company explained that the dismissals are likely to affect fewer people than announced, as some of the positions to be cut are vacant at the moment.

Additionally, as a temporary measure, the wages of the remaining employees will be reduced by 15%, however, there is no end date in place for this measure. These measures are a result of the coronavirus outbreak which impacts the economy strongly. According to the representative of Äripäev, the company must decrease its expenses by one third over the next 9 months, which accounts for around €3.5 million. 



Eurofound (2020), Äripäev, Internal restructuring in Estonia, factsheet number 100237, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100237.