Northvolt Jobs Losses Begin to Crystallize With 400 Staff Let Go
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Troubled Swedish battery maker Northvolt AB has laid off nearly 400 white-collar workers at its center of operations in Skelleftea as part of concluded negotiations with two of the Swedish trade unions.
The redundancies form part of a previously announced measure to cut 1,000 jobs at the Northvolt Ett plant in northern Sweden. The maker of electric vehicle batteries is racing to preserve cash while it negotiates a new financing pact with investors.