ABB Cuts 113 Jobs at Transformer Plant

It works out to about 25% of the workforce.

ABB is cutting 113 jobs at a transformers plant in South Boston, Virginia.

It works out to about 25% of the workforce.

The cuts come as demand for transformers falls around the world, according to Reuters.

The plant is part of ABB's Power Grids Division, which is being sold to Hitachi for a cool $11 billion.

But the company insists that the cuts aren't related to the sale.

About 354 workers will keep their jobs.

ABB says the move is an effort to become "leaner" and "more competitive."

ABB's deal with Hitachi should close sometime in 2020.

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