Sweden's Northvolt to Cut 20% of Staff
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 production problems, sluggish demand and competition from China.
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.
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 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.
More bad news for Northvolt as it cuts 1,600 jobs in Sweden
Swedish battery manufacturer Northvolt announced Monday it is cutting 1,600 jobs in Sweden — about 20 per cent of its workforce — as it plans to “concentrate all energy and investments on (its) core activities” in a difficult financial context.
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 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.
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 ...
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.
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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 ...
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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 ...
devdiscourse4h
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 ...
The Local4h
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: ...
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 ...