EMCC European Monitoring Centre on Change

ABB

Company/Organisation:
ABB

Geographic Location

Country: Sweden

Company

Sector: Manufacturing
Other manufacturing, and repair and installation of machinery and equipment
33.2 - Installation of industrial machinery and equipment
Group: ABB

Employment Effects

Announcement Date: 14-12-2002
Planned Job Reductions min: 1000
Planned Job Reductions max: 1000
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-11-2002
Foreseen End Date: 01-04-2004

Additional Information

ABB has decided to suppress 10000 jobs, among which 1000 in Sweden. This staff reduction, will mainly hit the administrative employees and will be achieved through early retirements and job relocations.