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 (33) Machinery and equipment 33.2 - Installation of industrial machinery and equipment 33.2 - Installation of industrial machinery and equipment
200 jobs Number of planned job losses
Announcement Date
14 May 2003
Employment effect (start)
Foreseen end date
Description
The ABB Group already suppressed about 12000 jobs worldwide in the frame of its reorganisation plan, in 2002 a second wave suppressed 10000 other jobs. ABB plans to sell its oil en gas division of which ABB Lummus Global is a part but did not find a buyer so far.
Sources
14 May 2003: ANP
Citation
Eurofound (2003), ABB Lummus Global, Internal restructuring in Netherlands, factsheet number 59442, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59442.