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.
Real Estate Real Estate Activities Real Estate Activities 68.3 - Real estate activities on a fee or contract basis
118 jobs Number of planned job losses
Announcement Date
8 May 2015
Employment effect (start)
Foreseen end date
10 June 2015
Description
118 workers will be made redundant due to internal restructuring of state-owned company Riigi Kinnisvara (State Real Estate Ltd). The company has already filed the request to Estonian Unemployment Insurance Fund to implement the collective redundancy.
State Real Estate Ltd was established in 2001. Currently, the company manages more than a thousand of buildings, including 255 offices, 205 education and research facilities, 322 internal security, and 32 buildings for cultural purposes. The company has around 300 employees.
Sources
8 May 2015: Aripaev
Citation
Eurofound (2015), Riigi Kinnisvara AS, Internal restructuring in Estonia, factsheet number 79904, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/79904.
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