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Sweden's Northvolt to Cut 20% of Staff
Battery giant Northvolt to cut 25% of workforce in Sweden as part of a major cost-cutting drive
Battery maker Northvolt on Monday announced plans to cut a total of 1,600 jobs in Sweden as part of a major cost-cutting drive.
Sweden’s Northvolt to Cut 20% of Staff Amid Liquidity Crunch
Swedish battery maker Northvolt AB will shed 20% of its headcount globally and suspend the expansion of its main factory in Northern Sweden to stem a financing crunch as electric-vehicle demand slows.
Battery maker Northvolt to cut 1,600 jobs in Sweden
STOCKHOLM (Reuters) -Swedish battery maker Northvolt plans to lay off 1,600 employees in Sweden, or around one fifth of its global workforce, as slower than expected demand for electric vehicles takes a heavy toll on the auto industry.
The Local
13h
Employment minister warns Sweden risks losing high-skilled Northvolt workers
Sweden's government plans to work hard with the local authorities to keep the foreign high-skilled workers laid off at ...
3d
on MSN
Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion
Europe’s attempt at building a battery manufacturing powerhouse announced that it had halted work on a factory expansion and ...
20h
Northvolt Lenders Meet as Battery Maker Hangs by Thread
A group of Northvolt AB lenders is set to meet on Friday to consider whether to extend a lifeline to the cash-strapped maker ...
4d
Northvolt restructures in Sweden
EV battery firm Northvolt has outlined a review of operations in Sweden which will result in the loss of 1,600 jobs. The move ...
Automotive News
1d
How Europe's battery hope Northvolt has become a symbol of the EV bust
Burning cash as it struggles to deliver the batteries it promised customers, Northvolt is shedding a fifth of its staff. With ...
The Local
4d
Sweden's business minister talks of 'industrial war' but won't come to Northvolt's rescue
Sweden's business minister showed on Sunday that she understands the strategic importance of the battery startup Northvolt to ...
Radio Canada International
3d
Employees at Northvolt may be forced to leave Sweden
Many employees at Northvolt are in Sweden on work visas and now risk being forced to leave the country if they lose their ...
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