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.
Manufacturing Repair And Installation Of Machinery And Equipment Repair And Installation Of Machinery And Equipment 33.15 - Repair and maintenance of ships and boats
150 jobs Number of planned job losses
Announcement Date
2 September 2020
Employment effect (start)
13 December 2020
Foreseen end date
17 January 2021
Description
HT Laevateenindus, a ship repair and maintenance company in the Tallink Group, announced the dismissal of 150 employees. The dismissals will start in the middle of December 2020. The restructuring is a direct outcome of the COVID-19 pandemic due to which the tourism sector experiences excessive economic challenges, which affect support and production activities in the industry as well.
Currently, there is no information about involvement of unions.
Tallink Group, which operates in Estonia and other countries, is heavily impacted by the pandemic; the group announced a big restructuring programme affecting up to 2,000 employees across different subsidiaries.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
