Swedish battery maker Northvolt mulls job cuts as it seeks to save costs
STOCKHOLM - Battery maker Northvolt said on Monday it would suspend cathode active material production at its gigafactory in Sweden and cut costs under a plan that could lead to job losses as the company scales back its rapid expansion.
"No final decisions have been made on the precise nature of any resizing. We remain in constructive discussions with the unions, and will ensure that every effort is made to minimize the need for redundancies," the company said in a statement. The gigafactory, Northvolt's first, has not yet reached full production since it opened in 2021. It has around 3,500 staff, according to the company's 2023 annual report. In total the company has more than 5,000 employees.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Indian EV maker Ola Electric's Q1 hurt by subsidy cutsIndian EV maker Ola Electric's Q1 hurt by subsidy cuts
مزید پڑھ »
Swedish EV maker Polestar revamps managementPolestar management changes signal a strategic shift for the Swedish EV maker, aiming to strengthen its position in the competitiv...
مزید پڑھ »
Rome mulls introducing tickets for the Trevi FountainRome mulls introducing tickets for the Trevi Fountain
مزید پڑھ »
US man fired after hotel lobby wee seeks financial reliefUS man seeks financial relief after firing due to a hotel lobby incident. Explore the circumstances leading to his job loss and su...
مزید پڑھ »
Mpox vaccine maker seeks approval for use in teensThe mpox vaccine approval for teens is sought by Bavarian Nordic amid the WHO's emergency declaration. The vaccine aims to protect...
مزید پڑھ »
Volvo Trucks to launch electric truck with 600 km rangeVolvo Trucks said it would use an electronic axle technology to increase battery capacity
مزید پڑھ »