Autoliv closes U.K. plant, takes charges

Newswire

STOCKHOLM, March 17 (Reuters) - Autoliv , the world's biggest maker of air bags and seat belts, said on Thursday it would close a British assembly plant for air bags, cutting 520 jobs. The closure of the plant, in Havant, would result in a charge of $11 million in the first quarter of this year, with an additional $4 million being charged to accounts before the second quarter of 2006, the firm said in a statement. It added that 300 jobs were being moved to elsewhere in Europe, mainly to ...

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