Northvolt, Sweden
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.The loss of 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.
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.
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 cut more than 20% of jobs in battle for survival
Europe’s leading battery maker is downsizing as it struggles to build up production amid a slowing shift to electric vehicles
Northvolt to Cut 1,600 Jobs Amid Struggles in EV Battery Market
Northvolt plans to lay off 1,600 employees in Sweden due to sluggish demand and competition from China in the electric vehicle battery market. The company also paused its expansion plans at the Northvolt Ett factory and stopped producing cathode active material.
Northvolt to cut 1,600 jobs in Sweden
Swedish battery maker Northvolt plans to lay off 1,600 employees in Sweden, including 1,000 positions at its Northvolt Ett factory in Skelleftea in the north of the country, the cash-strapped company said on Monday.
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.
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 ...
The Local35m
Swedish Migration Agency in talks with Northvolt over layoffs
Sweden’s Migration Agency is in talks with Northvolt about work permit holders who risk losing their jobs as a result of the ...
norran1h
Skellefteå hit hard as Northvolt plans to lay off 1,600 employees
In a press release issued by Northvolt shortly after 1PM on Monday, the company announced that it has conducted a strategic ...
Northvolt Lenders Line Up PJT for Advice as Cash Crunch Deepens
Lenders to Northvolt AB have selected investment bank PJT Partners to help advise on options as a cash crunch deepens at the ...
The Local2h
Northvolt to slash almost a quarter of its workforce
The Northvolt Ett project in Skellefteå. Previous plans to expand development at this site have now been scrapped. Photo: ...
Scania CEO says committed to Northvolt despite cutbacks, delivery issues
Scania owner Traton is committed to using Sweden's Northvolt as the truckmaker's single battery supplier despite recent ...
Bloomberg L.P.3d
Northvolt Hits New Battery Milestone Even as Cash Woes Mount
Northvolt AB has 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 to address a financing crunch. The group ...
The Local4h
'Important update': Northvolt CEO calls staff to extra meeting
Head of struggling electric car battery company Northvolt, CEO Peter Carlsson, has called staff to an extra meeting today, ...