Sweden’s Northvolt is scaling back plans after years of rapid expansion and will enact major job cuts. Here’s what’s going on ...

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

The heat is rising for Quebec Premier François Legault as opposition parties demand more answers about his government's ...

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.

Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any ...

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.

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.

Swedish battery maker Northvolt said on Monday it was cutting a fifth of its workforce and scaling back expansion plans in ...

Northvolt Ett factory in Skelleftea will see 1,000 jobs cut as part of cost savings plan by the Swedish company ...

Northvolt is cutting 1,600 jobs, suspending expansion plans, and refocusing efforts amid production issues and stiff ...