Kongsberg Automotive announces cost optimization measures
Zurich, October 23, 2023: Kongsberg Automotive (KA) announces measures to optimize costs, right size the company, and enhance its competitiveness. This includes global workforce adjustment, restructuring of its geographic footprint, and other cost optimization measures. KA’s cost optimization measures are a part of Gear I of the Shift Gear program and of the ongoing strategic review of the company, announced in March 2023. As a part of this action, KA will reduce its workforce by an estimated 150-200 employees globally. Additionally, effective January 1, 2024, KA will close its