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.
The telecommunication company Telia Group will lay off almost 3000 employees in total of which 160 in Estonia to keep the growing costs under control and maintain the capacity to invest in critical infrastructure.
The head of Telia Estonia explained this redundancy with the company’s wish to restructure and transfer many roles previously held by the offshore branches back to the headquarters to ensure the efficiency of increasing client satisfaction.
The redundancy notice will be given in shortly and Telia Estonia is working closely with the Unemployment Insurance Fund and the Labour Union to ensure the smoothest transition of the previous employees.
In the second quarter of 2024, there were 1504 employees in Telia Eesti.
Updated 24/10/24 Telia has announced an additional redundancy of 11 people in Estonia according to the recent report. As of the latest information Telia Estonia will lay off a total of 171 people.
Two similar recent restructuring events of Telia in Finland and in Sweden can be found here: Telia 2023 - FI; Telia 2023 - SE.
The current worldwide restructuring programme of Telia has been recorded in the ERM events database Telia-2024-WO.
Eurofound (2024), Telia Estonia, Internal restructuring in Estonia, factsheet number 201543, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/201543.
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