EMCC European Monitoring Centre on Change

Ajasto Eesti

Company/Organisation:
Ajasto Eesti

Geographic Location

Country: Estonia
Region: Lõuna-Eesti; Eesti
Location of affected unit(s): Tartu

Company

Sector: Manufacturing
Manufacture of wood and paper products, and printing
18 - Printing and reproduction of recorded media
Number Employed: 104
Group: Ajasto Diary Group

Employment Effects

Announcement Date: 05-05-2010
Planned Job Reductions min: 104
Planned Job Reductions max: 104
Type of Restructuring: Closure
Employment Effect Start: 07-05-2010
Foreseen End Date: 07-05-2010
Direct Dismissals: 104

Additional Information

Ajasto Eesti, a factory manufacturing calendars owned by a Finnish company Ajasto OY, has announced it is closing its plant in May 2010 and making all of its 104 employees redundant.

According to the comments from company representatives, the closure is due to the financial difficulties of the mother company. Until now, most of the calendars for Ajasto Diary Group were manufactured in Estonia and sold mostly in Nordic countries. As a result of the shift in ownership of the company, the calendars will now be manufactured in Germany.

The Estonian Unemployment Insurance Fund has organised an informing seminar in the company to provide the necessary information to persons who have received notice of redundancy. Employees have been offered counselling on searching for a new job plus financial matters and provided information of job offers available.