Northvolt to cut 1,600 jobs over EV cooldown
September 24, 2024
Swedish battery manufacturer Northvolt, Europe’s unicorn start-up in the electric vehicle (EV) battery market, announced it will cut 1,600 jobs. The number accounts for roughly 20% of its global workforce. The decision comes as the company faces significant financial challenges and a slowdown in the EV market. The cuts will disproportionately affect Sweden, with around […]