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 27.1 - Manufacture Of Electric Motors, Generators, Transformers And Electricity Distribution And Control Apparatus
No information on job gains number available
Announcement Date
28 June 2016
Employment effect (start)
1 August 2016
Foreseen end date
1 December 2016
Description
ABB is a Swiss multinational manufacturing company specializing in automation and power-related technologies. The company has 135,000 employees worldwide. In 2013 ABB bought Power-One Inc. in a $1 billion deal that included the Phoenix plant near Sky Harbor. Power-One had 450 employees in Arizona in 2013. ABB plans to close down its production plant in Phoenix in the US state of Arizona and to transfer production to Italy and Estonia.ABB claims the move will optimise the group's costs and supply chain. The relocation will leave 89 out of job at the ABB plant that manufactured solar inverters in Phoenix. The decision reflects conditions in the wider macroeconomic scenario. The consolidations will enable factory and supply chain optimization while improving cost, delivery and quality to customers.
Eurofound (2016), ABB, Reshoring in Italy, factsheet number 161, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/161.
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