Sweden based Autoliv plans to close factories in Elmshorn, Germany, and Congleton, England, as part of its strategy to decrease its overall workforce by 11%.
Elmshorn in northern Germany will be closed by 2025 with its technical centre and “most customer facing operations” relocated to a factory in Dachau (near Munich), Germany.
This will cost 500 people their jobs.
Go deeper with GlobalData
Autoliv is also “assessing” the potential closure of its textile weaving factory for curtain airbags in Congleton, Cheshire, a small town close to Manchester and Stoke on Trent in England.
This would cost the town 250 jobs as production is axed by the end of 2025.
Autoliv said it would follow local regulations and talk with elected representatives and labour unions to “determine appropriate measures for affected employees”.
Job cuts in Germany, the UK, the US, and closing the sales office in Italy is expected to cost Autoliv US$105m.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
