Swedish automotive safety systems maker Autoliv will cut approximately 2,200 jobs in Türkiye as it moves to wind down all manufacturing operations in the country.
The company said the closure is expected by the first half of 2028.
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The reductions will affect employees at Autoliv’s facilities in Türkiye, where it makes steering wheels, airbags and seatbelts.
Production from those sites will be moved to existing Autoliv facilities in Europe, the Middle East, and Africa (EMEA) region.
Autoliv said the move follows a regional capacity review, which found that manufacturing capacity in EMEA is above projected future demand.
According to the company, the closure is part of a wider strategy to align its production footprint with long-term market requirements during structural changes in the global automotive industry.
To support the exit, Autoliv expects a total pre-tax charge of approximately $142m.
The company said most of this will be recorded in the second quarter of 2026.
Around $129m in cash charges will be used mainly for severance and employee retention costs, while immaterial amounts have been allocated for environmental expenses, equipment decommissioning and contractual releases.
An additional non-cash charge of $13m relates to fixed asset and inventory write-offs.
Autoliv said severance and retention costs were calculated using a weighted-average projected foreign exchange rate of 53 Turkish Lira per dollar.
Following the manufacturing exit, the company said it will keep customer-facing operations in Türkiye and remains committed to meeting delivery and quality standards during the transition.
Last December, South Korea’s Kolon Industries unveiled its plans to invest invest Won70bn ($48m) in a new plant in Vietnam to produce airbag materials for Autoliv.
That announcement came after an agreement between the companies under which Kolon agreed to increase supplies of airbag materials.
Kolon said the new facility will be built in Ho Chi Minh City, with operations due to start in 2028.
