BUCHAREST (Romania), November 25 (SeeNews) – Sweden-based automobile security gear producer Autoliv plans to relocate all manufacturing and inflator-related engineering from Vargarda, Sweden to present places in Romania and France.
That is one in every of a number of strategic measures being taken to extend productiveness and effectivity inside Autoliv Europe, the corporate mentioned in a press launch on Tuesday.
The plan is to relocate nearly all of manufacturing to Autoliv’s present facility in Brasov, Romania, and the inflator engineering to present places in France and Romania.
“That is a part of a world optimization initiative that Autoliv initiated earlier in 2020. These are very arduous choices to take however mandatory to fulfill our clients’ calls for and to stay aggressive. We are going to do our greatest to assist our workers throughout this transition interval,” Autoliv president Frithjof Oldorff mentioned.
The corporate employs 400 at Vargarda, of whom 150 will probably be affected by the deliberate relocation that’s anticipated to be finalized through the first half of 2024.
These plans are topic to ongoing union negotiations, Autoliv famous.
Autoliv will keep an vital presence in Vargarda, internet hosting the corporate’s international innovation middle specializing in analysis, growth and engineering of present and new merchandise throughout the mobility security space.
Autoliv opened its first manufacturing unit in Romania in 1997 – within the county of Brasov. The corporate now has ten manufacturing crops and two engineering facilities in Romania. The corporate employed 8,581 in Romania as of end-2019, knowledge from the Romanian finance ministry confirmed.
Autoliv was born in 1997 from the merger of the Swedish firm Autoliv AB and Morton Automotive Security Merchandise, a division of U.S.-based Morton Worldwide. It’s now current in 27 nations worldwide, using over 65,000 individuals. Its 2019 gross sales amounted to $8.54 billion (7.192 billion euro).