eustream laying off one-fifth of its 600 employees

Gas pipeline operator eustream, controlled by EPH, is laying off one-fifth of its 600 employees. It argues that a 10% increase in gas transit fees approved by the utilities regulator ÚRSO is too low following the halt of Russian gas transit. The company had requested a 70% increase, as pipeline maintenance costs must now be borne solely by domestic customers. It reported net profit of €118m on revenue of €395m in 2024.

(hnonline.sk, teraz.sk)