Takata, Japan’s largest manufacturer of air bags and seat belts, is to close three factories, two in Mexico and one in Europe, with the loss of 2,100 jobs because of falling demand from carmakers.
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The Nikkei said the move was part of the company’s ongoing reorganisation plan aimed at saving JPY5.5 bn (US$58m) a year.
Last year, Takata eliminated 5,700 jobs in Europe and the US and shut one plant in Mexico. Takata has also cut back R&D spending and management costs by around 20%.
The company has not said which plants would close. Here in Europe it has facilities in Aschaffenburg, Elterlein, Freiberg, Doebeln and Bad Kissingen-Albertshausen in Germany, Krzeszow and Walbrzych in Poland, Rtyne and Dolni Kalna in the Czech Republic, and Arad and Sibiu in Romania.
Its Mexican plants are at Acuna, Agua Prieta, Guadalajara, Monclora, Monterrey, Reynosa, Sabinas and Torreon.
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By GlobalData
