200 miners laid off as energy prices plummet ({{commentsTotal}})

State-owned energy giant Eesti Energia has announced its plan to let go 200 miners by the end of the year, citing falling oil and energy prices and the adaption on more effective mining technology as the main reason behind the redundancies.

According to Europe's leading power market Nord Pool Spot, the market price of energy in June was the lowest it has ever been in Estonia – 27.26 euros per megawatt hour, which is 15.60 percent less than in May.

The company's CEO Andres Vainola said Eesti Energia is reverting back to a 5-day working week from a currently used 6-day week, implemented two years ago, and this inevitably brings about forced redundancies.

About half of those to be let go will retire. The company plans to set up a support fund to find new employment for the others.

Eesti Energia is also investing over 21 million euros into a new, more cost-effective mining technology that will become operational in 2016. It is hoped that the improved methodology will allow the company to mine up to 3,000 more tons of oil shale in a day by the end of 2016.

In 2014, the 2,600 miners employed by Eesti Energia mined a total of 16,5 million tons of oil shale.

Editor: M. Oll

Easter Monday a public holiday? But you're forgetting productionEaster Monday a public holiday? But you're forgetting production
Estonia’s Easter Monday time loop: Discussing an additional day off

Every year, Estonia reliably asks itself the question whether or not Easter Monday should be made a public holiday. Opinions differ. While one side emphasizes the importance of family time, the other thinks an additional day off would threaten economic growth.

Minister of Social Protection Kaia Iva (IRL).Minister of Social Protection Kaia Iva (IRL).
Samost: Kaia Iva’s charisma could help IRL out of long-term low

In Sunday’s “Samost ja Rumm” radio debate show, editor-in-chief of ERR’s online news, Anvar Samost, and journalist and former politician Hannes Rumm discussed the potential and actual candidates for the chairmanship of the Pro Patria and Res Publica Union (IRL). At the time of the broadcast, Helir-Valdor Seeder had not yet made his intention to run public.