The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.11 - Manufacture of electric motors, generators and transformers
100 jobs Number of planned job losses
Announcement Date
19 August 2021
Employment effect (start)
19 August 2021
Foreseen end date
31 December 2021
Description
ABB, a worldwide group of industrial technology, owns three manufacturing units in Tallinn, Estonia. One of the three units, specialised in manufacturing electricity distribution equipment, will be closed by the end of 2021 resulting in dismissal of around 100 employees. The unit will be relocated to another European country (currently unknown to which) as the production is not cost-effective given the current labour costs in Estonia. The dismissals affect workers in both manufacturing and office departments, including engineers, sales representatives and specialists.
ABB has been active in Estonia for more than 20 years in the energy and automation sectors. The company is profitable and the production volume is increasing. Therefore, the other two units will remain in place and no further restructuring plans are currently in place.
Eurofound (2021), ABB, Internal restructuring in Estonia, factsheet number 105161, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105161.
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