Autoliv to cut 2,200 jobs as it exits Türkiye manufacturing

Swedish automotive information systems shaper Autoliv volition chopped astir 2,200 jobs successful Türkiye arsenic it moves to upwind down each manufacturing operations successful the country.

The institution said the closure is expected by the archetypal fractional of 2028.

The reductions volition impact employees astatine Autoliv’s facilities successful Türkiye, wherever it makes steering wheels, airbags and seatbelts.

Production from those sites volition beryllium moved to existing Autoliv facilities successful Europe, the Middle East, and Africa (EMEA) region.

Autoliv said the determination follows a determination capableness review, which recovered that manufacturing capableness successful EMEA is supra projected aboriginal demand.

According to the company, the closure is portion of a wider strategy to align its accumulation footprint with semipermanent marketplace requirements during structural changes successful the planetary automotive industry.

To enactment the exit, Autoliv expects a full pre-tax complaint of astir $142m.

The institution said astir of this volition beryllium recorded successful the 2nd 4th of 2026.

Around $129m successful currency charges volition beryllium utilized chiefly for severance and worker retention costs, portion immaterial amounts person been allocated for biology expenses, instrumentality decommissioning and contractual releases.

An further non-cash complaint of $13m relates to fixed plus and inventory write-offs.

Autoliv said severance and retention costs were calculated utilizing a weighted-average projected overseas speech complaint of 53 Turkish Lira per dollar.

Following the manufacturing exit, the institution said it volition support customer-facing operations successful Türkiye and remains committed to gathering transportation and prime standards during the transition.

Last December, South Korea’s Kolon Industries unveiled its plans to put invest Won70bn ($48m) successful a caller works successful Vietnam to nutrient airbag materials for Autoliv.

That announcement came aft an statement betwixt the companies nether which Kolon agreed to summation supplies of airbag materials.

Kolon said the caller installation volition beryllium built successful Ho Chi Minh City, with operations owed to commencement successful 2028.

"Autoliv to chopped 2,200 jobs arsenic it exits Türkiye manufacturing" was primitively created and published by Just Auto, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.