Edelaraudtee

Type
Internal restructuring
Country
Estonia
Region
Eesti;
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49.1 - Passenger rail transport, interurban
126 jobs
Number of planned job losses
Job loss
Announcement Date
30 December 2013
Employment effect (start)
30 December 2013
Foreseen end date
2 January 2014

Description

Private-equity passenger train company Edelaraudtee is to lay off 126 staff. This is due to the termination of a key contract with the Estonian state.

Around 50 of those made redundant, including 27 train drivers, will be employed by state owned passenger railway company Elron, that will take over the national passenger railway transportation from 1 January 2014.

The company claimed that they support dismissed workers via labour market information sessions. According to trade unions, those not re-employed by Elron will most likely have to switch to another sector as other railway companies also are under financial pressure, too.

Sources

  • 30 December 2013: E24

Citation

Eurofound (2013), Edelaraudtee, Internal restructuring in Estonia, factsheet number 76410, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76410.