Eesti Energia Plans to Lay Off 10 Percent of Its Employees
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7 Articles
Eesti Energia will begin preliminary consultations on collective layoffs on Thursday, and according to the initial plan, approximately 10 percent of positions are planned to be laid off, the energy group announced.
State-owned Estonian energy company Eesti Energia has announced a plan to lay off 10% of its employees.
Eesti Energia is starting collective layoffs. The company plans to eliminate approximately 390 positions, or one tenth of its employees. The changes affect Enefit Power, Enefit Industry, Elektrilev and the group's support structures. At the same time, the financial results are good: in nine months, sales revenue increased by 12% to 1.33 billion euros, EBITDA to 235 million euros and net profit to 42 million euros. The share of renewable electric…
Eesti Energia is preparing for a large-scale redundancy involving approximately 10% of the Group's positions. The company's nine-month net profit grew 36% year over year.
Although Eesti Energia is rapidly increasing its profits, the company is planning major layoffs, which will result in the loss of nearly 390 positions.
Eesti Energia will begin preliminary consultations with employees and their representatives on collective redundancy on November 5. According to the initial plan, the group will reduce approximately one tenth of its positions, or a total of approximately 390 jobs.
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