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Northvolt announces 1,600 layoffs in Sweden, insists Quebec EV battery plant won't be affected
Swedish electric vehicle battery manufacturer Northvolt says construction of a $7-billion plant on Montreal's South Shore will proceed as planned, despite announcing on Monday its intention to lay off 1,
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.
Swedish battery manufacturer Northvolt to cut 1,600 jobs: here’s why
Northvolt has announced plans to cut 1,600 jobs in Sweden and suspend the expansion of its Skellefteå gigafactory.
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 energy and investment on (its) core business” amid financial difficulties.
Northvolt to axe 1,600 jobs as Europe’s EV hopes stall
Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe's biggest hope in the electric vehicle battery market struggles with sluggish demand and competition
Battery maker Northvolt to cut 1,600 jobs in Sweden as Europe’s EV hopes stall
The company said on Monday it would suspend plans for a large expansion of its Northvolt Ett factory in Skelleftea, northern Sweden
Northvolt to Cut 1,600 Jobs in Sweden
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More. Back To Top
Sweden’s Northvolt to Cut 20% of Staff Amid Financing 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.
3h
Another blow for electric vehicle drive as battery startup Northvolt lays off 1,600 workers
Swedish battery maker Northvolt said on Monday it was cutting a fifth of its workforce and scaling back expansion plans in ...
20m
Swedish Battery Maker Northvolt To Slash 1,600 Jobs, Quarter Of Staff
Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in demand.
6h
on MSN
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 ...
Financial Post
18h
Northvolt to cut 20% of global staff, placing Europe's EV battery-making ambitions at risk
Sweden’s
Northvolt
AB will shed 20 per cent of its global workforce and pause its expansion plans to slow cash outflows ...
devdiscourse
6h
Northvolt to Lay Off 1,600 Employees Amid Sluggish EV Demand
Swedish battery maker Northvolt plans to lay off 1,600 employees in Sweden due to slower-than-expected demand for electric ...
Just Auto
18h
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 ...
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