Mass Redundancies at the Battery Producer Northvolt in Sweden
The Giga factory Northvolt Ett in January 2024. About 3000 people have been employed at the battery factory in Skellefteå, Northern Sweden. 1000 people are now losing their jobs at the factories in Skellefteå.
1,600 people are losing their jobs in Northvolt in Sweden. The company announced a downsizing earlier this month.
1,600 people are losing their jobs at Northvolt in Sweden, announced the company on Monday.
Earlier this month, the battery producer informed of an imminent downsizing and the closing of parts of its factory in Skellefteå. The company's Giga factory, Northvolt Ett, produces lithium-ion batteries in the northern Swedish city.
According to Swedish SVT, the development of the project Northvolt Ett will come to a halt. It was first expected that about 300 people would lose their jobs in Skellefteå. The number has now been increased to 1000 employees at this factory, writes SVT.
"This is a dramatic message, a much larger reduction in personnel than the 300 there was talk of just a few weeks ago," comments SVT's financial reporter Kristina Lagerström.
"This is an economic crisis, and Northvolt is now trying to dramatically cut costs and focus on making the production work," Lagerström adds.
As HNN reported, the battery producer is undergoing an extensive restructuring due to its difficult financial situation. The company has stated that drastic measures will be necessary to manage the financial issues and pave the way for further investment.
The background for the restructuring includes production disturbances, production that has not gone as planned, and billion losses, according to Radio Sweden.
400 and 200 people, respectively, will also lose their jobs at Northvolt in Västerås and Stockholm.
High North News will follow up on the matter.
