Northvolt Layoffs: Swedish EV Battery Maker To Lay Off 1,600 Employees, 20% of Its Global Workforce Amid Financial Difficulties
Sweden-based EV maker is reportedly planning to cut 20% of its global workforce and suspend the expansion plant of its flagship Northvolt Ett plant amid financial difficulties. The Northvolt layoffs will affect 1,600 employees from different cities including Skelleftea, Vasteras and Stockholm.
Stockholm, September 23:슬롯 머신 사이트 추천Northvolt슬롯 머신 사이트 추천plans to cut around 20% of its슬롯 머신 사이트 추천global workforce amid the financial crisis and focusing on its core business. The슬롯 머신 사이트 추천Swedish electric vehicle battery maker was rumoured to reduce an unspecified number of workers and cut costs슬롯 머신 사이트 추천at a gigafactory in Skelleftea this month. A report confirmed that Northvolt layoffs would affect around 1,600 employees from three cities in Sweden as it struggles슬롯 머신 사이트 추천to stand up to its mission to produce a home-grown supply of EV batteries.슬롯 머신 사이트 추천
City News Montreal슬롯 머신 사이트 추천 that Northvolt would announce the job cuts슬롯 머신 사이트 추천as a part of its strategic review, which it conducted this month.슬롯 머신 사이트 추천The Swedish EV battery maker also would suspend its슬롯 머신 사이트 추천plans슬롯 머신 사이트 추천for the expansion of its flagship plant and focus on슬롯 머신 사이트 추천boosting battery cell production to meet the슬롯 머신 사이트 추천automotive customers' demand. The Northvolt layoffs will affect 1,600 individuals, including 1,000 at its Northvolt Ett factory in Skelleftea, 400슬롯 머신 사이트 추천in Vasteras슬롯 머신 사이트 추천and 200 in Stockholm.슬롯 머신 사이트 추천General Motors Layoffs: US-Based Automobile Company GM Announces 2nd Round of Layoffs, Likely To Affect Around 1,700 Employees at Fairfax Assembly Plant in Kansas To Streamline Operations.
Northvolt President and CEO Peter Carlsson reportedly슬롯 머신 사이트 추천said슬롯 머신 사이트 추천that despite슬롯 머신 사이트 추천the stronger momentum of electrification, the company would need to슬롯 머신 사이트 추천take the right steps at the right time according to the automotive market and broader industrial climate. He슬롯 머신 사이트 추천acknowledged that the decision of Northvolt layoffs was difficult and also painful; however, it was necessary to adapt to the current슬롯 머신 사이트 추천realities and for the long-term growth of the business.
The CEO said the슬롯 머신 사이트 추천company슬롯 머신 사이트 추천would슬롯 머신 사이트 추천overcome the upcoming challenges and continue contributing to a more sustainable society.슬롯 머신 사이트 추천The battery maker would슬롯 머신 사이트 추천put슬롯 머신 사이트 추천the expansion at its flagship Northvolt Ett plant슬롯 머신 사이트 추천in Skelleftea on hold and슬롯 머신 사이트 추천slow down programs and expansion at laboratories in Vasteras. The report said that Northvolt layoffs슬롯 머신 사이트 추천in Sweden would result슬롯 머신 사이트 추천in fewer requirements for administrative jobs, which explained reduction of headcounts in Stockholm.슬롯 머신 사이트 추천Volkswagen Layoffs: German Car Manufacturer VW Prepares To Lay Off Its Employees in China To Lower Costs Amid Sales Decline, EV Shift.
About two weeks earlier, the company abandoned its Borlange manufacturing슬롯 머신 사이트 추천project and put the슬롯 머신 사이트 추천activities related to the cathode on hold at Skelleftea.슬롯 머신 사이트 추천Daniela Maniaci, Chief People Officer at Northvolt, said the슬롯 머신 사이트 추천company had been going through one of슬롯 머신 사이트 추천the most challenging periods. The슬롯 머신 사이트 추천City News Montreal슬롯 머신 사이트 추천added that the company had around USD 7 billion worth of projects in Quebec, Canada, and Ottawa had슬롯 머신 사이트 추천committed USD 2.4 billion in investment. However, the report said슬롯 머신 사이트 추천there was no information on whether the layoffs would also affect the Northovolt Quebec plant.
(The above story first appeared on LatestLY on Sep 23, 2024 08:19 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).