Sweden’s Northvolt to Cut 20% of Staff Amid Liquidity Crunch
WEB1 day ago · 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 more than 20% of jobs in battle for survival
WEB1 day ago · Sweden’s centre-right government last week ruled out a state-backed rescue of the company. Northvolt said on Tuesday that it was suspending its plans to add another 30GWh of capacity at Skellefteå.
Sweden’s Northvolt to Cut 20% of Staff Amid Liquidity Crunch
WEB1 day ago · Northvolt’s job losses amount to 25% of its Swedish staff, and 20% worldwide. The local reductions will be split across its main Skelleftea factory, where 1,000 jobs will be cut, its plant in ...
Swedish PM rules out government rescue of troubled Northvolt
WEBSep 16, 2024 · Sweden’s government has ruled out a financial rescue of Northvolt as the country’s green battery start-up fights for survival. Ulf Kristersson, the centre-right prime minister, said on Monday...
Swedish battery maker Northvolt to slash 1,600 jobs, quarter of staff
WEB1 day ago · 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.The loss ...
Swedish battery maker Northvolt mulls job cuts as it seeks to save ...
WEBSTOCKHOLM, Sept 9 (Reuters) - Battery maker Northvolt said on Monday it would suspend cathode active material production at its gigafactory in Sweden and cut costs under a plan that could lead...
Sweden's Northvolt launches strategic review after setbacks
WEBSTOCKHOLM, July 2 (Reuters) - Swedish lithium-ion battery manufacturer Northvolt said on Tuesday it was conducting a strategic review, as it grapples with a series of setbacks.
Sweden's Northvolt wants to rival China's battery dominance to …
WEBJul 1, 2023 · Northvolt's CEO says the key driver behind the startup is to make Europe self-efficient and less reliant on China for supplies.
Northvolt raises $5 billion for circular gigafactory
WEBJan 16, 2024 · Stockholm, Sweden – Northvolt today announced the signing of a $5 billion non-recourse project financing to enable the expansion of Northvolt Ett in northern Sweden. The deal represents the largest green loan raised in Europe to date.
More than 2,000 with work permits at troubled Northvolt
WEB18 hours ago · More than 2,000 with work permits at troubled Northvolt. Skellefteå, where 1,000 of Northvolt's 1,600 redundancies are set to be made. Photo: Gustav Sjöholm/TT. It is not yet known exactly who will be affected by 1,600 redundancies at battery producer Northvolt, but for people in Sweden on work permits, more is at stake than losing their job.
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