Autoliv to cut 2,200 jobs and exit Türkiye manufacturing by year-end
ALV•Autoliv plans to cut 2,200 jobs as it exits manufacturing operations in Türkiye by year-end. The move is part of a strategic restructuring to lower fixed costs and will incur one-time exit charges against 2026 earnings.
1. Job Cuts and Türkiye Exit
Autoliv announced it will eliminate 2,200 positions in connection with winding down its manufacturing footprint in Türkiye. The closures encompass all Türkiye production sites and are scheduled to complete by the end of the current fiscal year.
2. Financial Implications
The exit is designed to deliver significant annual fixed-cost savings as part of a broader operational restructuring. Management expects to record a one-time exit charge in 2026 that will weigh on operating income before delivering net benefits in subsequent periods.
