abb layoffs announced

In December 2008, ABB announced that it made a fourth-quarter, pre-tax provision of $850 million in the face of corruption investigations in the United States and Europe, as well as other tax and restructuring matters. ... In the second quarter, ABB's revenue fell 12% to $7.9 billion and net profit dropped by 31% to $675 million amid layoffs. In that quarter, ABB spent $120 million on an ongoing, $1 billion restructuring program, contributing to the profit decline, ...Currently, the facility employs 430 people who work with ABB's switchgear customers globally. After the layoffs, the remaining 270 employees will consist of ABB's switchgear customer service, administration and a smaller manufacturing ...ABB layoffs 69 hourly employees in Boston. A total of 69 hourly positions were eliminated affecting ABB employees on all three shifts and reaching across all of the product lines at the South Boston plant, local plant officials ...At the start of last year, the Jefferson City ABB plant had a workforce of over 900, but with various layoffs announced since that time that number is down to around 600. Under the collective bargaining agreement with the UAW Local 2379 ...Layoffs announced and rumored this week were in the Government, Manufacturing, Automotive, Technology, Publishing and Business Services sectors. Organizations announcing or rumored layoffs week ended 10/2/09: ...A.B.B. has the power to layoff or not layoff, like I said through the economic situation they've chosen to reduce their work force," said Cobb. Just who will be laid off has not yet been decided. The layoffs are indefinite and could ...The Swiss-Swedish engineering group ABB Ltd. (ABB) plans to cut 540 jobs at half a dozen facilities in France, union sources said, adding that the move would affect 20% of the company's French workforce. ...JEFFERSON CITY - A poor economy creates a domino effect that eventually reaches everyone in some way.