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.
The energy technology company Hitachi Energy has announced a large business expansion in Sweden: it will hire new 1,000 people. New employees will work in Ludvika and Västerås, two locations where the company already has operations. The employment effects will be concentrated to Ludvika, a small municipality of 26,600 citizens.
The announcement was made following a large order to build a converter station for a new high-voltage direct current (HVDV) connection in Germany. The purpose of the connection is to be able to transfer large amounts of renewable energy between northern and southern Germany. This connection will be important for Germany's transition to green energy, because it will allow the country to reduce its dependence from fossil fuels and will help achieve carbon neutrality by 2045.
Hitachi Energy is looking for both white-collar and blue-collar workers: the recruitment will range from project leaders and engineers to production workers. The company has declared to offer flexible solutions for its employees, including partial teleworking opportunities. Teleworking arrangements are important as the company wants to attract competent workforce.
Hitachi Energy, formerly known as Hitachi ABB Power Grids, is a joint venture in which Japanese Hitachi owns 80 percent and ABB the remaining 20 percent. Hitachi Energy currently employs 4,500 people in Sweden.
Eurofound (2022), Hitachi Energy, Business expansion in Sweden, factsheet number 107227, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107227.