Northvolt Employees Face Loss as Shares Become Worthless

Published:

Northvolt Employees Face Loss as Shares Become Worthless
Photo: Jonas Ekströmer/TT

According to Affärsvärlden the company attracted not only international investors and government support, but also employees were offered to buy securities.

When you were employed, it was sold as a salary benefit. That's how they motivated to keep wages down, says a former employee to tdiningen, who has taken part of the company's share register.

About 1,000, around 20 percent, of the company's employees invested in shares – some with smaller amounts, others with significant sums.

It was people's life investments.

The government wage guarantee has covered the staff's salaries after the bankruptcy, but the private share losses are not compensated.

Loading related articles...

Tags

Author

TT News AgencyT
By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

Keep reading

Loading related posts...