Autoliv Continues to Streamline -Closes a Plant in the U.K.-
(Stockholm, March 17, 2005) – To offset the continued pricing pressure in the automotive industry Autoliv Inc. – the worldwide leader in automotive safety systems – will close down its assembly plant for airbags in the United Kingdom. The plant, which is located in Havant in Hampshire, has 550 employees. Approximately 520 of these jobs will become redundant. 300 jobs will be created in other Autoliv production facilities in Europe, mainly in Turkey. The remaining jobs will be based at other U.K. locations and will primarily provide customer support.During the last couple of years, Autoliv