Restructuring events
European Restructuring Monitor (ERM)
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.
ABB, a Swiss automation company, has opened a new high-tech campus with 1,000 new jobs in Eggelsberg, Austria. As the company site focusses on research and development of automation technologies, the created jobs will be high-tech jobs for highly skilled workers. The company has already invested EUR 100 millions in the expension of the company's site, which has acquiered from B&R, another tech company, two years ago. The new campus will provide various new research labs und training facilities with the capacity of 4,000 trainees each year. "With the new campus, the company site will have a total size of 100.000 square meters, becoming one of the biggest integrated centers of production, research and education in Central Europe" a company spokesman has stated. ABB has a total of 105,000 employees in 100 countries and a turnover of USD 28.9 billions (as of 2021).
Eurofound (2022), ABB, Business expansion in Austria, factsheet number 107166, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107166.