Takata, which finds itself at the center of a massive recall crisis provoked by its faulty inflators, is considering to take some drastic actions to cut the costs, by trimming its global airbag operations. As part of the strategy, the automotive supplier explores the idea of consolidating production plants in Europe and reducing overseas staff, Kyodo News reported.
The move would be part of a wider restructuring process, the report said. Bloomberg reported at the beginning of February that Takata wants to reorganize its structure and it is preparing to propose a plan in this direction to automakers in early May, sources revealed. The company could also sell some non-core businesses to raise money to pay for the cost of recalling about 50 million vehicles due to its defective airbags, which has caused at least 10 deaths so far, the new agency said.
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