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By Dominic Chopping
STOCKHOLM–Autoliv said Thursday that it plans to close sites in Elmshorn, Germany, and Congleton, U.K., as it makes the first steps in its previously announced cost-cutting plan.
The Swedish maker of airbags and safety belts said last month that it planned to cut up to 8,000 jobs globally and simplify its logistics and geographic footprint, including through the closure of several sites in Europe.
The closure of its Elmshorn site will see its technical center and most customer-facing activities transferred to its existing facility in Dachau, Germany, by early 2025, with over 500 employees affected.
Autoliv is also evaluating a possible closure of its textile-weaving facility for curtain airbags in Congleton.
A closure would affect around 250 employees and the company would aim to relocate production by the end of 2025, it said.
Write to Dominic Chopping at [email protected]
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