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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 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.
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 BloombergUnlocking the Hidden Power of Zoning,
The Local
3h
What are the top nationalities of work permit holders at Northvolt?
Sweden's Migration Agency has published a list of the top nationalities of the work permit holders who may be affected by ...
6d
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 ...
5d
on MSN
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 ...
The Local
2d
Inside Sweden: How The Local covered the Northvolt layoffs
Inside Sweden is our weekly newsletter for members which gives you news, analysis and, sometimes, takes you behind the scenes ...
City News
6d
Battery giant Northvolt to lay off 1,600 people in Sweden: Will this affect Quebec’s future plant?
Swedish battery maker Northvolt will lay off 1,600 employees in Sweden, a fifth of its workforce, as it seeks to “focus all ...
Radio Canada International
5d
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 ...
The Local
2d
Employment minister warns Sweden risks losing high-skilled Northvolt workers
Sweden's government plans to work hard with the local authorities to keep the foreign high-skilled workers laid off at ...
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