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.
Image Wear, the Estonian subsidiary of the Finnish workwear manufacturing company Image Wear Oy, is reducing its workforce by a total of 32 jobs in June 2009. This forms about 11% of the total number of workers in the company, which stood at 303 before the redundancies took place.
All 32 jobs are cut through direct redundancies - the Estonian Unemployment Insurance Fund (Töötukassa) made a decision to pay out the redundancy benefits on 27 May 2009. According to the Unemployment Insurance Fund, the redundancies will take place on 5 June 2009. There is no information on the exact timeline.
Image Wear is manufacturing workwear in three sites across Estonia - Tallinn, Jõhvi and Tartu. The company also has shops in all three locations to sell their products to the local market. The Image Wear corporation also has a site in Russia, St Petersburg.
Eurofound (2009), Image Wear, Internal restructuring in Estonia, factsheet number 69183, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69183.
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