Sweden's Autoliv, the world's largest maker of seat belts and airbags, is to cut further jobs in China due to the country's ﻿economic downturn, as it looks to expand elsewhere, so it can﻿ retain its﻿ dominant global market position. The company said on Monday that its head office would be relocated from Beijing to Shanghai next year, with a new factory opening there by 2020. Carlson said Autoliv so far had not seen any direct effects from the ongoing Volkswagen diesel-emissions scandal. The sector, with its high employment, is a priority for Beijing in a time of economic uncertainty.
Sweden's Autoliv, the world's largest maker of seat belts and airbags, is to cut further jobs in China due to the country's ﻿economic downturn, as it looks to expand elsewhere, so it can﻿ retain its﻿ dominant global market position. The company said on Monday that its head office would be relocated from Beijing to Shanghai next year, with a new factory opening there by 2020. The sector, with its high employment, is a priority for Beijing in a time of economic uncertainty.