Northvolt, Sweden
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 response to "headwinds."
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.
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.
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.
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.
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 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
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.
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 ...
The Globe and Mail1d
Quebec says Northvolt battery project will go ahead as company cuts 20% of global staff
Sweden’s Northvolt AB is cutting a fifth of its global work force as it reins in expansion plans in the face of a downturn in demand for electrical-vehicle batteries, raising new questions about the ...
devdiscourse9h
Northvolt’s Struggles and Strategic Shifts Amid Production Challenges
Northvolt is cutting 1,600 jobs, suspending expansion plans, and refocusing efforts amid production issues and stiff ...
Financial Post1d
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 ...
Bloomberg L.P.4d
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 ...