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.
Tere, an Estonian manufacturer of dairy products, has announced dismissal of 109 employees at its sites in Põlva, Viljandi and Tallinn.
The job losses are set out in the restructuring plan of the company and the intention is to move manufacturing away from the capital, Tallinn. Dismissals started already in the beginning of May when the manufacturing directors and senior specialists in Viljandi and Põlva units were made redundant. Most of the jobs will be cut from June to August. Dismissals will affect three out of four units: 44 jobs will be lost in Põlva, 11 in Viljandi and 54 in Tallinn.
The company has confirmed that this restructuring plan will not affect farmers who are selling milk to the dairy manufacturer.
Eurofound (2012), Tere, Internal restructuring in Estonia, factsheet number 73550, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73550.