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.
ABB Ltd. supplies products and systems for power transmission, process and industrial automation, and is operating in Estonia since 1992. The ABB Group is present in more than 100 countries and employs about 108,000 people. In Estonia, in February 2007 the company employed 730 people operating in 10 different locations. More than 90% of the production in Estonia is exported.
During 2007, due to increasing demand for the company's products the production space will be expanded and in February ABB was announced to hire 200 new employees. As in June 2007 the demand is still increasing the company will expand its production even more than initially planned. Therefore, the company decided to hire not 200 but 300 new employees by the end of year 2007.
Eurofound (2007), ABB, Business expansion in Estonia, factsheet number 64947, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64947.