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 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 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 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 cuts 1,600 jobs, puts cell plant expansion on ice
Northvolt announced cutbacks in its home country of Sweden. The battery cell manufacturer will reduce its workforce by around 1,600 at three locations. Internationally, 20 per cent of jobs will also be cut.
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.
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,
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 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 ...
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 ...
Financial Post20h
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 ...
The Local8h
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: ...
norran7h
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 Local10h
'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, ...