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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
8,000 jobs Number of planned job losses
Announcement Date
13 July 2023
Employment effect (start)
13 July 2023
Foreseen end date
31 December 2025
Description
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). 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.
Eurofound (2023), Autoliv, Internal restructuring in World, factsheet number 200546, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200546.
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