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.
Electrical components manufacturer ABB has announced 178 redundancies due to the closure of its Waterford factory. The plant, which manufactures distribution transformers for the construction and utility markets in Ireland and the UK, will close by the end of March 2010. It is reported that ABB is closing the Waterford factory because of a significant fall in business. ABB is a Swiss-Swedish-owned company and employs over 400 staff at five different sites across Ireland.
Eurofound (2009), ABB, Closure in Ireland, factsheet number 69182, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69182.