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.
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.
Eurofound (2013), Edelaraudtee, Internal restructuring in Estonia, factsheet number 76410, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76410.