Northvolt, a leading Swedish EV battery maker, announces layoffs of 1,600 employees due to financial difficulties. Read to ...

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Sweden’s Northvolt AB has hired consulting firm Teneo for restructuring advice, including contingency planning should the ...

Swedish battery company Northvolt announced Monday it is cutting 25 percent of its workforce in Sweden, or 1,600 people, as slowing electric vehicle sales cut demand.

Northvolt is working with unions and external partners to assist affected employees, including offering help with job searches and relocation.

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