On Kongsberg Automotive's Capital Markets Day in November, the company outlined
its plan, among other initiatives, to improve its performance and substantially
reduce costs. This plan included a reduction in the number of manufacturing
facilities, from 31 to 25, mainly within the Powertrain and Chassis products
segment in Europe.
Further to this plan, KA today initiated consultations relating to closing the
manufacturing facility in Basildon, UK. As a result of this, a mandatory period
of consultation will begin collectively and individually with all of the
affected Basildon employees.
The Basildon facility manufactures vehicle control systems, engineered pedals,
electronic displays, cables and hand controls for the world's top makers of
commercial, industrial, agricultural and construction vehicles.
52 employees at the Basildon manufacturing facility will be affected by the
proposed closure.
Investors / analysts:
Philippe Toth, EVP Vice President, Business Development & IR
Tel: +47 98214021
Media:
Fredrik Tangeraas, Director, Corporate Communications
Tel: +47 92464699
About Kongsberg Automotive:
Kongsberg Automotive provides world class products to the global vehicle
industry. Our products enhance the driving experience, making it safer, more
comfortable and sustainable. With revenues of EUR 1.0 billion and 10.000
employees in 18 countries, Kongsberg Automotive is truly a global supplier. The
company is headquartered in Norway and has 31 production facilities worldwide.
The product portfolio includes seat comfort systems, driver and motion control
systems, fluid assemblies, and industrial driver interface products developed
for global vehicle manufacturers. Find more information at
www.kongsbergautomotive.com