ABB looks to hire 20,000

Swiss-Swedish electro-engineering giant ABB is expecting to create 20,000 new jobs over the next five years.

This content was published on April 27, 2008 - 16:34

The firm's financial director and interim CEO Michel Demaré told the NZZ am Sonntag newspaper that Switzerland would be among the beneficiaries of the job drive.

Last year alone, the Zurich-based company created 480 new Swiss positions and employed 111,000 people in 100 countries.

Demaré called on young Swiss to learn engineering skills as job prospects were looking particularly good at the moment.

He added that energy consumption is expected to rise nearly 50 per cent by 2030, allowing ABB to pursue its development. Demaré said the firm would benefit from strong demand for new energy infrastructure.

The company's net income was more than SFr1 billion in the first quarter, up 87 per cent over the same period in 2007.

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