Electrical Equipment & Batteries

Employment trends and layoff analytics for the Electrical Equipment & Batteries industry.

3,300
Total Affected
Since Jan 2024
1
Layoff Events
Across all companies
1
Companies
With layoffs
3,300
Avg per Event
Employees affected
0
Confirmed
Company verified events
0
Multi-Source
Multiple source verification
0
Severance Data
With severance information

Layoffs Over Time

By Sector

Industrials
3,300

Most Common Reasons

Swedish battery manufacturer Northvolt filed for bankruptcy and laid off 3,300 employees, reflecting the company's downsizing and uncertain outlook in the competitive EV battery market. The bankruptcy highlights challenges in scaling battery production amid intense competition.
1 event

Companies in Electrical Equipment & Batteries

Northvolt AB
3,300 employees affected · 1 event · Industrials

Recent Layoff Events

DateCompanyEmployeesReason
Apr 1, 2025
Northvolt AB
3,300 (194.1%*)
Swedish battery manufacturer Northvolt filed for bankruptcy and laid off 3,300 employees, reflecting the company's downsizing and uncertain outlook in the competitive EV battery market. The bankruptcy highlights challenges in scaling battery production amid intense competition.