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 Warehousing And Support Activities For Transportation, Postal And Courier Activities Postal And Courier Activities 53.2 - Other postal and courier activities
450 jobs Number of planned job losses
Announcement Date
27 January 2023
Employment effect (start)
Foreseen end date
Description
Express Post, a postal service company, has announced closing down their home delivery business line, making approximately 450 workers redundant. The job reductions are to be implemented according to a planned schedule throughout 2023, and mainly concern postal delivery workers. Management cites the reason for closing down the home delivery business line as increasing losses over years. According to the management, the company is cooperating with Unemployment Insurance Fund to support workers during reductions and in their search for new jobs.
Express Post, established in 1997, was engaged in home delivery of periodicals as well as advertising and business letters in the largest cities in Estonia and in their vicinity. While closing home delivery, Express Post will continue offering centre service and a management service for the subscriber bases of periodicals.
Express Post is owned in 50% by Express Grupp and 50% Postimees Grupp. Both are Baltic media groups whose key activities include web media content production as well as publishing of newspapers, magazines and books.
Eurofound (2023), Express Post , Internal restructuring in Estonia, factsheet number 108339, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108339.
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.
