Word: abb
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Thanks and Get Lost H Jörgen Centerman was forced to resign as ceo of troubled Swiss-Swedish engineering firm ABB just one day after it sold its finance division to General Electric for 12.3 billion. He will be replaced by Jürgen Dormann...
...entry center in Pyongyang since 1997. Some South Korean companies have launched joint ventures in areas like animation and computer software. And Chinese traders do a booming business back and forth across the China-North Korea border. Robert Suter, who heads the Seoul office of Swiss power generation company ABB Ltd., says his firm is staking out a position in North Korea, "It is the same as it was in China years ago. You had to be there and you had to build trust...
There has been a steady drumbeat of bad news on the job front in Europe. Just last month, the Swiss engineering firm ABB announced 12,000 layoffs, 8% of the company's workforce. Infineon, Europe's second-largest chipmaker, said it is downsizing 5,000 workers because of a slowdown in the electronics sector. Ericsson, Sweden's big telecom equipment provider, said it would stop making mobile phones - a decision that will put 2,600 out of work in southern Sweden. In fact, in just a single week in late July, European companies announced a total of 30,000 layoffs...
...presented an unbalanced and inaccurate picture of ABB Instrumentation Inc. of Rochester, N.Y., in the portion of your report titled "When Factories Become Fixer-Uppers." In fact, the local area has benefited financially as a result of the support we were given by Monroe County, N.Y. It is true that the County of Monroe Industrial Development Agency issued $21 million in bonds to support the building of a new plant. However, the company repaid this in full upon the passing of title. It is also true that the company accepted $2 million in tax abatements. These have since ceased. Instead...
...With ABB and GE, the threat of losing jobs often became too much for a community to bear. The workers, their families and local politicians wanted to keep the jobs at all costs...