Sweden’s Northvolt to Cut 20% of Staff Amid Liquidity Crunch
WEB1 hour ago · VWAPY. (Bloomberg) -- Sweden’s Northvolt AB will shed 20% of its global workforce and pause its expansion plans to slow cash outflows as the battery-making firm confronts a burgeoning financial ...
Battery giant Northvolt to cut 25% of workforce in Sweden as …
WEB6 hours ago · 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.. In an update published via its website, Northvolt said that ...
Sweden’s Northvolt to Cut 20% of Staff Amid Financing Crunch
WEB7 hours ago · 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.
Northvolt restructures in Sweden - Yahoo Finance
WEB18 hours ago · Northvolt restructures in Sweden. David Leggett. Mon, Sep 23, 2024, 11:34 AM 2 min read. EV battery firm Northvolt has outlined a review of operations in Sweden which will result in the loss of ...
Northvolt outlines revised scope of operations in Sweden
WEB7 hours ago · Following initial steps taken as part of its strategic review, Northvolt today outlines a revised scope of operations in Sweden to ensure that its resources are focused on accelerating production in large-scale cell manufacturing at Northvolt Ett. These measures are expected to result in the redundancy …
Swedish PM rules out government rescue of troubled Northvolt
WEBSep 16, 2024 · Sweden’s government has ruled out a financial rescue of Northvolt as the country’s green battery start-up fights for survival. Ulf Kristersson, the centre-right prime minister, said on Monday...
Northvolt to cut 1,600 jobs in Sweden | Reuters
WEB7 hours ago · General view outside the Northvolt facility in Vasteras, Sweden, September 29, 2021. Picture taken September 29, 2021. REUTERS/Helena Soderpalm./File Photo Purchase Licensing Rights, opens new tab
Northvolt Hits New Battery Milestone Even as Cash Woes Mount
WEB3 days ago · September 20, 2024 at 8:18 AM EDT. Save. Northvolt ABhas hit a new high for the production of lithium-ion battery cells at its main plant in Sweden, even as the company scales back some operations ...
Sweden's Northvolt launches strategic review after setbacks
WEBSTOCKHOLM, July 2 (Reuters) - Swedish lithium-ion battery manufacturer Northvolt said on Tuesday it was conducting a strategic review, as it grapples with a series of setbacks.
Northvolt raises $5 billion for circular gigafactory
WEBJan 16, 2024 · Stockholm, Sweden – Northvolt today announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date.
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