Northvolt, Sweden
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,
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.
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.
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 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 slowing shift to electric vehicles
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 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,
Northvolt to Cut 1,600 Jobs in Sweden -- Update
STOCKHOLM--Troubled battery maker Northvolt will cut 1,600 jobs in Sweden, around 20% of its global workforce, confirming comments from earlier this month that job losses were expected following a period of aggressive expansion and as the global electric-vehicle market cools.
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 to lay off 1600 employees in Sweden
Battery manufacturer Northvolt has announced it is to lay off around 25% of its workforce in Sweden as it attempts to cut costs. Worst hit by the redundancies will be its battery factory in the northern Swedish town of Skellefteå.
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 ...
Northvolt restructures in Sweden
In Västerås, Sweden, programs and expansion will be slowed at Northvolt Labs. The fundamental platforms hosted at Northvolt ...
Financial Post18h
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 ...
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 Local6h
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: ...