secwatch.observer — SEC 8-K summary
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Issuer:     AUTOLIV INC (ALV)
CIK:        0001034670
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0000950170-23-032769
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1034670/000095017023032769/0000950170-23-032769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1034670/000095017023032769/alv-20230713.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-032769

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer