1,600 Northvolt employees to be laid off across Sweden for cost-cutting amidst European electric vehicle market challenges.

Northvolt, a battery manufacturer, plans to lay off around 1,600 employees, representing 25% of its workforce, primarily at its factory in Skellefteå, Sweden. This decision is part of a cost-cutting strategy to address the financial difficulties the company is experiencing, amid broader challenges in the European electric vehicle market.

September 23, 2024
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