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Sweden's Northvolt to Cut 20% of Staff

Bloomberg L.P. · 1d

Sweden’s Northvolt to Cut 20% of Staff Amid Liquidity 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.

CNBC on MSN · 1d

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 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,

8h

Northvolt lays off 1,600 workers, but it’s not the end for Europe’s battery champion

Europe’s attempt at building a battery manufacturing powerhouse announced that it had halted work on a factory expansion and ...

1d

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 ...

Radio Canada International13h

Employees at Northvolt may be forced to leave Sweden

Many employees at Northvolt are in Sweden on work visas and now risk being forced to leave the country if they lose their ...

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 ...

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