Northvolt to cut 1,600 jobs over EV cooldown

Piet Andries

September 24, 2024

The job cuts primarily affect Northvolt’s activities in Sweden /Northvolt

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
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