Company detailsCode: ABB (I)Company name: ABBCompany country: SwitzerlandNumber of employees: 140400Sector: C - ManufacturingSector detail: C27 - Manufacture of electrical equipmentSub-sectors: C27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus Reshoring detailsReshoring announcement date: 28/06/2016Starting implementation date: August, 2016End of Implementation : December, 2016Reshored to: ItalyLocation code: ITReshored business function: ProductionPartial or Total reshoring: PartialReshoring governance mode: In house (in own facilities)Reasons for reshoring: Economic crisisFirm's global reorganizationStreamlining of supply chainUntapped production capacityCase narrative: ABB is a Swiss multinational manufacturing company specializing in automation and power-related technologies. The company has 135,000 employees worldwide. In 2013 ABB bought Power-One Inc. in a $1 billion deal that included the Phoenix plant near Sky Harbor. Power-One had 450 employees in Arizona in 2013. ABB plans to close down its production plant in Phoenix in the US state of Arizona and to transfer production to Italy and Estonia.ABB claims the move will optimise the group's costs and supply chain. The relocation will leave 89 out of job at the ABB plant that manufactured solar inverters in Phoenix. The decision reflects conditions in the wider macroeconomic scenario. The consolidations will enable factory and supply chain optimization while improving cost, delivery and quality to customers. Sources: DELFI.lv, 01/07/2016 Phoenix Business Journal, 28/06/2016 Sources link: http://delfi.lv/a/47626179 http://www.bizjournals.com/phoenix/news/2016/06/28/breaking-swiss-multin... http://evertiq.com/news/39721 Offshoring detailsOffshoring location: United StatesOffshored business function: ProductionOffshoring governance mode: In house (in own facilities)Offshoring entry mode: Wholly ownedReason for offshoring: Merger and Acquisition