Layoff Details
- Reason
- 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.
Recent Northvolt AB News
Battery Company Northvolt Files For Bankruptcy - High North News
High North News • Mar 12
Northvolt files for bankruptcy in Sweden - Northvolt
Northvolt • Mar 12
Quebec court declares Northvolt insolvent as province recovers nearly $200 million, CBC reports - Reuters
Reuters • Sep 5
Northvolt to Stop Production at End of June Without Buyer - Transport Topics
Transport Topics • May 22
Company Info
- Website
- northvolt.com
- Industry
- Electrical Equipment & Batteries
- Sector
- Industrials
- Headquarters
- Stockholm, Sweden
- Founded
- 2015
- Employees
- 1,700
Event Snapshot
Employees Affected 3,300
Verification UNVERIFIED
No other canonical layoff events recorded for this company.
Disclaimer
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