Autoliv cuts 400 jobs in China, expects USD12 billion in annual sales by 2020
Flexible about cutting more should the market continue to drop.
Automotive safety system supplier Autoliv has begun to cut jobs in China and remains flexible about cutting more should the market continue to drop, according to the company's chief executive. Autoliv CEO Jan Carlson says the company has cut 400 jobs in the second quarter of the year in China alone. "It's important to be flexible and fast on this. And if it continues, we will need to do more of that," he told Reuters on the sidelines of a capital markets day held at a safety test site near the city of Gothenburg, Sweden.
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