Investing.com -- Kongsberg Automotive ASA revealed a €15 million annual overhead cost reduction initiative that will affect approximately 150 positions.

The company stated that market forecasts for the second half of 2025 have been revised downward, falling below their earlier expectations.

Kongsberg Automotive is adjusting direct labor levels to align with lower production volumes due to ongoing market softness.

The company attributed the market softness in North American and European truck segments largely to US tariffs and broader geopolitical tensions.

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