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HomeEstoniaNumber of collective redundancy notice recipients grows to 3,500 last year

Number of collective redundancy notice recipients grows to 3,500 last year

During the past year, a total of 3,538 employees of 124 employers received final collective redundancy notices, compared to 84 employers and 2,871 employees in the previous year.

Nearly a third, or 1,065 jobs, were cut in the manufacturing industry in the past year. In the transportation and warehousing sector, 867 jobs disappeared, and 489 jobs were cut in the administrative and support activities sector. In 2022, the manufacturing industry eliminated a whopping 1,406 jobs, while transportation and warehousing only cut 266, according to data from the Unemployment Insurance Fund.

The largest layoffs in 2023 were at AS Express Post, which exited the home delivery service industry and cut 455 jobs, and OU Hansaliin, owned by listed shipper Tallink Group, which laid off 306 employees. OU Euro Work cut 183 jobs, Amphenol ConneXus OU cut 130, Stora Enso Eesti AS cut 97, and Eurora Solutions OU 75 jobs.

Most of the largest layoffs took place in the first half of the year, with the exceptions being Eurora Solutions, which issued its final collective redundancy notice at the end of September, and Stora Enso, which issued theirs at the end of June.

Annika Koppel, communications manager at the Unemployment Insurance Fund, stated that December was relatively quiet in terms of layoffs. Bus company Hansa Bussiliinid cut the most jobs in December, a total of 54, but Koppel explained that the reason was the expiration of route-based contracts.

“These laid-off employees typically move to the new bus company that has secured the contract,” she said.

In total, nine employers laid off 191 jobs in December. In addition to the bus company, a larger layoff also occurred at Indoor Group AS, which is now in liquidation proceedings, where 39 employees lost their jobs. The company is owned by Finland’s Indoor Group OY, and in Estonia, it operated the Asko and Sotka furniture and home furnishing stores.

Source: BNS

(Reproduction of BNS information in mass media and other websites without written consent of BNS is prohibited.)

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