Sweden's Northvolt to Cut 20% of Staff
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 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
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 squeeze.Most Read from BloombergThe Moonshot Plan to Eliminate Deaths on America’s RoadsUnlocking the Hidden Power of Zoning,
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.
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.
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.
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.
Northvolt to Cut 1,600 Jobs in Sweden
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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 move ...
Northvolt set to axe one in five jobs amid falling demand for its batteries as electric car sales stall
In yet another blow to the industry, Northvolt said it would cut 1,600 jobs in Sweden, a quarter of its workforce in its home ...
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 ...
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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 ...
The Local10h
Sweden's business minister talks of 'industrial war' but won't come to Northvolt's rescue
Sweden's business minister showed on Sunday that she understands the strategic importance of the battery startup Northvolt to ...