How many jobs will Kongsberg Automotive cut?

Kongsberg Automotive expects around 150 roles to be affected by its cost-cutting plan.

What is the expected savings from the cost reduction plan?

The overhead cost reduction plan is set to save 15 million euros, which is approximately $17.69 million.

What market conditions are affecting Kongsberg Automotive?

The company warned of continued market softness in the North American and European truck segments, citing U.S. tariffs and wider geopolitical tensions.

When was the previous cost reduction program announced?

An earlier cost reduction program was announced in November 2024, which also targeted around 150 jobs.

How did Kongsberg Automotive's shares react to the news?

Shares of Kongsberg Automotive fell 3.4% in early trading in Oslo following the announcement.

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Kongsberg Automotive cuts costs amid weak truck market, affecting 150 jobs

Finance

Kongsberg Automotive cuts costs amid weak truck market, affecting 150 jobs

Published by Global Banking & Finance Review®

Posted on July 3, 2025

1 min read

Last updated: January 23, 2026

MeridianLink financial software firm announcement of $2 billion acquisition by Centerbridge - Global Banking & Finance Review — Featured image depicting the MeridianLink logo, highlighting the company's acquisition by Centerbridge Partners for $2 billion. This deal signifies a growing trend in private equity buyouts within the finance sector.

Kongsberg Automotive cuts costs amid weak truck market, affecting 150 jobs

Quick Summary

Kongsberg Automotive Implements Cost-Cutting Measures, Impacting 150 Jobs

Key Takeaways

Frequently Asked Questions about Kongsberg Automotive cuts costs amid weak truck market, affecting 150 jobs