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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 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 energy and investment on (its) core business” amid financial difficulties.
PQ calls for emergency debate on Northvolt project as company slashes jobs
Swedish battery manufacturer Northvolt announced Monday it is cutting 1,600 jobs in Sweden — about 20 per cent of its workforce — as it plans to “concentrate all energy and investments on (its) core activities” in a difficult financial context.
Timing of Northvolt’s Quebec battery plant in question as it cuts jobs, looks for strategic partners
Battery maker’s announcement comes as several auto makers temper plans to slow rollout and expansion of electric vehicles
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.
Sweden’s Northvolt cuts 1,600 jobs amid EV slowdown
Northvolt’s job losses amount to 25% of its Swedish staff, and 20% worldwide.
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.
Northvolt to Cut 1,600 Jobs in Sweden
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More. Back To Top
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.
Battery maker Northvolt to lay off 1,600 jobs in Sweden
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.
The Globe and Mail
1d
Quebec says Northvolt battery project will go ahead as company cuts 20% of global staff
last year, one of half a dozen battery plants worth tens of billions of dollars slated for
Quebec
and Ontario by major global auto and battery players. Governments aim to turn Canada into a top ...
Montreal News
6d
Quebec says Northvolt could lose energy block if project is delayed too long
QUEBEC — The Legault government is threatening to withdraw Northvolt’s energy allocation after a certain period of time if ...
FIRSTonline
7h
Electric car batteries, the crisis in the EU hits Northvolt: 1.600 layoffs. How much does Beijing's competition weigh - FIRSTonline
The first company in Europe to build a battery gigafactory had warned that it would stop producing cathodes, taking a step back from its mission ...
The Gazette on MSN
50m
Legault has no business endorsing federal Conservatives, Nadeau-Dubois says
The co-spokesperson for Québec solidaire says he was flabbergasted to hear Premier François Legault call for the ouster of ...
City News
6d
Northvolt: Quebec meets Swedish ambassador
The Legault government will meet with the Swedish ambassador on Wednesday, as Swedish company Northvolt faces financial ...
14d
Battery maker Northvolt moves ahead in Canada but at slower pace
Electric vehicle battery maker Northvolt is moving ahead with plans to open a C$7 billion battery plant in Canada but at a ...
6h
Several detained in Switzerland in connection with suspected death in a 'suicide capsule'
Police in northern Switzerland said Tuesday that several people have been detained and a criminal case opened in connection ...
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