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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
1d
Inside Sweden: How The Local covered the Northvolt layoffs
Inside Sweden is our weekly newsletter for members which gives you news, analysis and, sometimes, takes you behind the scenes ...
5d
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 ...
4d
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 ...
The Local
1d
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 ...
Automotive News
2d
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 ...
2d
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 ...
City News
5d
Battery giant Northvolt to lay off 1,600 people in Sweden: Will this affect Quebec’s future plant?
Swedish battery maker Northvolt will lay off 1,600 employees in Sweden, a fifth of its workforce, as it seeks to “focus all ...
Sveriges Radio
5d
Northvolt to lay off 1600 employees in Sweden
Battery manufacturer Northvolt has announced it is to lay off around 25% of its workforce in Sweden as it attempts to cut ...
The Local
1d
Swedish union: Work permit holders need 'targeted efforts' to stay after Northvolt layoffs
Foreigners affected by the 1,600 job cuts at Northvolt, Sweden's struggling battery manufacturer, now need 'targeted measures ...
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