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, a manufacturer of production and automations technology, has dismissed 266 workers in its Swedish units at Ljungsbro (30 employees affected), Malmö (55 employees affected), Västerås (165 employees affected) and Storvik (16 employees affected). The dismissals are the result of decreasing orders.
ABB produces power products that are key instruments to transmit and distribute electricity. They also produce power systems, automation products, process automation and robotics. The ABB Groups of companies operates in around 100 countries and employs about 120,000 people.
Eurofound (2009), ABB, Internal restructuring in Sweden, factsheet number 69090, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69090.