Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Autoliv, the Swedish-American automotive supplier headquartered in Stockholm, has announced plans to cut around 8,000 positions worldwide (11% of its total workforce), mainly in Europe (320 employees will be affected in France and 500 in Germany). The company Autoliv is planning to close its site in Elmshorn, Germany, and relocate the activities and jobs to its site in Dachau, near Munich. Moreover, the possible closure of a plant in UK has been announced. It is not clear which other locations will be affected. The restructuring is part of a strategic plan aims at reducing structural costs worldwide, as a result of the increasing challenges the company is facing due to the rise in inflation.
The company's restructuring events in France and Germany have also been recorded in the ERM database: Autoliv 2023 - Germany , Autoliv 2023 - France
Eurofound (2023), Autoliv, Internal restructuring in World, factsheet number 200546, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200546.