Estonian wood sector companies faced with inevitable layoffs
Problems with economic performance have forced several woodworking companies in Estonia to optimize their production volumes and, as a last resort, make part of their workforce redundant. In October, wood industry company Palmako announced that it will cut a hundred jobs within a year. In the middle of the summer, Lasita Maja, one of the largest manufacturers of wooden houses in Europe, had to cut its workforce by 10 percent, agency workers included, due to a sharp decrease in demand. According to the Unemployment Insurance Fund, the mouldings manufacturer Liistuvabrik based in the South Estonian small ...
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