Nevs is laying off all employees

There were only 20 people left. But now even the last employees at the electric car company Nevs in Trollhättan have been laid off. It feels heavy, but we're not going to throw in the towel right away, says CEO Nina Selander to TTELA.

» Published:

Nevs is laying off all employees
Photo: TT

Share this article

There have been many twists since Nevs bought up the majority of Saab's bankruptcy estate in 2012.

The Trollhättan company has had major economic troubles in recent years, while the parent company – the Chinese real estate giant Evergrande Group – has been in crisis and earlier this year went into liquidation.

Nevs laid off 300 people as early as 2021 and was put into hibernation in February last year, while another approximately 300 people were laid off.

One year ago, Nevs announced that it had sold two of its electric car projects. However, the deal with Canadian EV Electra fell through this spring, and now the remaining 20 employees are also being laid off.

According to CEO Nina Selander, there is still hope for the sale of the two electric car projects, Emily and Pons.

We are now working to sell Emily and Pons and to find solutions for the employees, even if it's under someone else's management, she says to TTELA.

We will fight to the very end to ensure that everyone lands on their feet. The final nail in the coffin has not been hammered in yet.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Novo Nordisk Shares Surge 5% After Positive Ozempic Study Results

Novo Nordisk Shares Surge 5% After Positive Ozempic Study Results

Busch Highlights Growing Consensus on Sweden's Energy Policy

Busch Highlights Growing Consensus on Sweden's Energy Policy

Norway Central Bank Reduces Interest Rate to 4.0 Percent

Norway Central Bank Reduces Interest Rate to 4.0 Percent

Stockholm Stock Exchange Rises as US Cuts Interest Rates

Stockholm Stock Exchange Rises as US Cuts Interest Rates

Billerud to Cut Up to 650 Jobs Amid Cost-Saving Measures

Billerud to Cut Up to 650 Jobs Amid Cost-Saving Measures

Reduced Benefits Linked to Poorer School Results and Increased Crime

Reduced Benefits Linked to Poorer School Results and Increased Crime

Swedish Companies Face Record 12-Quarter Economic Slump

Swedish Companies Face Record 12-Quarter Economic Slump

Asian Stocks Rise Following US Fed Interest Rate Cut

Asian Stocks Rise Following US Fed Interest Rate Cut

Blackstone to Invest £90 Billion in UK Projects Over Next Decade

Blackstone to Invest £90 Billion in UK Projects Over Next Decade

Wall Street Mixed as Fed Cuts Interest Rate but Signals Caution

Wall Street Mixed as Fed Cuts Interest Rate but Signals Caution

Fed Lowers Interest Rate by 0.25 Points, Signals More Cuts This Year

Fed Lowers Interest Rate by 0.25 Points, Signals More Cuts This Year

China Urges Tech Giants to Halt Nvidia AI Chip Purchases

China Urges Tech Giants to Halt Nvidia AI Chip Purchases

Jerry Greenfield Departs Ben & Jerry's, Citing Silencing by Unilever

Jerry Greenfield Departs Ben & Jerry's, Citing Silencing by Unilever

Avanza Introduces Digital Trading on London Stock Exchange

Avanza Introduces Digital Trading on London Stock Exchange

Uber Introduces Safari Tours in Kenya's Nairobi National Park

Uber Introduces Safari Tours in Kenya's Nairobi National Park

Swedish Inflation Expectations Rise Slightly in Latest Survey

Swedish Inflation Expectations Rise Slightly in Latest Survey

Sweden's Unemployment Rate Stays High in August

Sweden's Unemployment Rate Stays High in August

Stockholm Stock Exchange Sees Modest Gain Led by H&M

Stockholm Stock Exchange Sees Modest Gain Led by H&M

Verisure Returns to Stockholm Stock Exchange with Major Listing

Verisure Returns to Stockholm Stock Exchange with Major Listing

Oracle and Partners to Acquire TikTok's US Operations

Oracle and Partners to Acquire TikTok's US Operations