ABB

Type
Internal restructuring
Country
Germany
Region
Baden-Württemberg; Karlsruhe; Mannheim, Stadtkreis
Location of affected unit(s)
Sector
Manufacturing
(33) Machinery and equipment
33.2 - Installation of industrial machinery and equipment
33.2 - Installation of industrial machinery and equipment
1,350 jobs
Number of planned job losses
Job loss
Announcement Date
7 March 2003
Employment effect (start)
1 March 2002
Foreseen end date

Description

ABB has streamlined its divisional structure to focus on two core businesses: Power Technologies and Automation Technologies. The Oil, Gas and Petrochemicals division is slated for divestment by the end of 2003.

Citation

Eurofound (2003), ABB, Internal restructuring in Germany, factsheet number 60083, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60083.