Autoliv laying off up to 3,000 workers

By Karl Ritter Associated Press and Swedish auto safety systems maker Autoliv Inc. said Tuesday that it will cut up to 3,000 jobs — about 7 percent of its work force — to reduce costs, in the wake of falling car sales in Europe and North America. The company, which makes air bags and seat belts, didn't specify where the cuts will be made, but spokesman Henrik Kaar said its biggest production plants would probably be affected. Stockholm-based Autoliv has 43,000 employees worldwide, with the biggest units in Mexico, France and the United States. It has facilities in northern Utah; and Auburn Hills and Southfield, Mich. Autoliv has about 3,600 workers at its six plants in northern Utah who are involved in research, development, manufacturing and assembly of air-bag components and modules. There are about 1,300 employees at the... [read full story]