Appears that ABB’s plan is to break IS into parts and have their other divisions each take a part of the business and by 2020 for IS to no longer exist. Many of the senior leaders of IS have been heading for the exits and salary teams are concerned... —  read more 

Strengthens ABB’s #2 global position in electrification Expands access to attractive North American market Operational EPS1 accretive in year one Expected annual cost synergies of approximately $200 million in year five confirmed ABB announced it has... —  read more 

We'll see what happens with GE IS, ABB typically takes time to turn things around, so I'd say no layoffs in a short term. We'll see...