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 Computer, Electronic And Optical Products 26.5 - Manufacture Of Instruments And Appliances For Measuring, Testing And Navigation; Watches And Clocks
No information on job gains number available
Announcement Date
6 October 2016
Employment effect (start)
1 January 2017
Foreseen end date
Description
Abax is a Norwegian company that produces tracking systems for vehicles and equipments. In 2016, it signed a three years (2017-2019) production agreement with a Norwegian company based in Horten (Norway). Based on such a contract, all production activities earlier located in Norway and Lithuania were relocated in Norway. The subcontractor has been chosen because of its expertise in prototypes and production, its highly automated facility, and its proximity to Abax headquarters.
Eurofound (2016), Abax, Reshoring in Norway, factsheet number 60, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60.
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