Autoliv

History

2023: Dismissal of 8,000 people

On June 8, 2023, the Swedish-American manufacturer of automotive safety systems Autoliv announced its intention to carry out a comprehensive restructuring, during which the number of personnel will be reduced by approximately 8 thousand people on a global scale.

The planned layoffs were announced by Autoliv executive director Mikael Bratt. According to him, the company in the current macroeconomic situation faced sharply increased production costs, and therefore was forced to look for ways to reduce costs. Autoliv, one of the world's largest suppliers of belts and airbags, is also under severe inflationary pressure.

Autoliv announced its intention to carry out a comprehensive restructuring

The company said staff cuts would be made around the world, but the restructuring would have an especially strong impact on businesses in Europe, where several sites would be closed. Direct layoffs will affect about 6 thousand people, while about 2 thousand more positions will be eliminated indirectly (for example, by leaving workers of their own free will or through the retirement of elderly people).

We intend to simplify and optimize operations in all areas. The reduction in headcount will affect people working in our offices, technical centers and factories, including leadership positions at all levels, Bratt stated.

It is noted that in Europe Autoliv has the most significant presence in Romania (10,500 employees), as well as in Poland (2500 employees), Hungary (2000 people) and France (2000 employees). In addition, the company operates divisions in Mexico (15,000 employees), China (9,000 people), Thailand (4,000 employees) and Turkey (3,000 employees). In April 2023, the company announced that it was building a new airbag plant in Vietnam that would employ up to 2,000 people.^[1]

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