Eesti Energia Plans to Cut 390 Positions as Profit Rises

Estonian energy group Eesti Energia began preliminary consultations on collective redundancies on 5 November. Its initial plan includes 390 positions across Enefit Industry, Enefit Power and Eesti Energia AS; the final number will be determined after consultations with employee representatives.

Across the group, the total number of positions is planned to fall by 10%. The restructuring is part of a plan to reduce fixed costs by 10% by 2027 and align costs with the group’s earnings capacity.

At the same time, Eesti Energia reported unaudited net profit of €42 million for January to September 2026, up 36% year on year. Revenue rose 12% to €1.329 billion and EBITDA increased to €235 million.

The 390 positions are part of a proposed restructuring, not completed layoffs. Eesti Energia said the planned changes are not expected to affect service quality, security of electricity supply or generation.