Internal restructuring
Eesti; Kirde-Eesti;
Location of affected unit(s)
Narva (Kirde-Eesti)
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13 - Manufacture of textiles

376 jobs
Number of planned job losses
Job loss
Announcement Date
6 May 2005
Employment effect (start)
6 May 2005
Foreseen end date
31 December 2005


Substantial job losses were announced at one of the biggest textile companies and major employer in the North-East region of Estonia. It was thought that about 500 jobs are at risk among the 3,500-strong workforce. During the year 2004 and the first half of year 2005 the firm cut more than 1,000 jobs. Kreenholmi Valdus has been badly hit in recent years. Firm has yield losses and has negative turnover since 2003. Due to internal restructuring, dismissals and improving the machinery the negative trend has stopped.

In spite of feared 500 dismissals the enterprise actually cut 376 jobs during the year 2005.


  • 9 June 2006: Postimees
  • 7 November 2005: Postimees
  • 7 November 2005: Aripaev
  • 6 May 2005: Aripaev


Eurofound (2005), Kreenholmi Valdus, Internal restructuring in Estonia, factsheet number 61549, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61549.