Northvolt slashes workforce in half under bankruptcy procedure
Under the bankruptcy procedure, the administrator is looking to Scania to possibly save the company /Northvolt
Under its bankruptcy filing, Swedish battery manufacturer Northvolt announced that it will lay off over half its 5,000 employees. The company, founded in 2016, has succumbed to mounting debt and what insiders now admit were strategic miscalculations.
Once hailed as Europe’s answer to Asian domi
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