Autoliv to close Germany and UK sites; ~1,100 jobs cut; $105M Q2 charge

AUTOLIV INC

Closure of Elmshorn, Germany site affecting >500 employees; consolidation to Dachau by early 2025.
Evaluating closure of Congleton, UK textile weaving facility affecting ~250 employees; relocation by end 2025.
$105M Q2 2023 accrual for reduction of ~1,100 employees across Germany, UK, US, and Italy.
Actions part of previously announced global workforce reduction of up to 11%; non-recurring costs.

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