Sunday, 24 September 2023 02:43 GMT

Autoliv cuts costs through reducing staff

(MENAFN) Swedish-American vehicle safety gear maker Autoliv stated on Thursday that it would reduce its international workers by nearly 8,000 positions, as it tries to reduce expenses while dealing with the burden of inflation.

The firm stated that the reductions would be made internationally, however "particularly within its European operations" where it assumes to "close several sites".

Almost 6,000 would be "direct positions" whereas 2,000 would be "indirect positions."

"We intend to simplify and consolidate how we operate in all areas. The headcount reduction will affect people based in our offices, technical centers, and plants, including leadership positions at all levels," Autoliv C.E.O. Mikael Bratt stated in a declaration.

Autoliv, a major manufacturer of outputs worldwide like seatbelts as well as airbags, also stated that it will keep on negotiating with its consumers to "secure pricing" as it fights to pass on amplified manufacture fees to its consumers and carmakers.


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