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
60 jobs Number of planned job losses
Announcement Date
21 August 2008
Employment effect (start)
1 December 2008
Foreseen end date
30 June 2009
Description
Autoliv Inc. is a worldwide leader in automotive safety, such as seatbelts and airbags. As described in factsheet 11431, profits for the company in 2007-2008 were lower than targeted and the company has announced that it is to cut 3000 jobs before the end of 2009. The effects of this decision are now starting to show in Sweden. Autoliv AB, the Swedish part of the company, has announced the reduction of 60 jobs in the production unit in Hässleholm. The dismissals will start in late august.
Sources
22 August 2008: Dagens Industri
22 August 2008: Svenska Dagbladet
Citation
Eurofound (2008), Autoliv, Internal restructuring in Sweden, factsheet number 66992, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66992.
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