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The German state takes over risky Northvolt loan
Business News

The German state takes over risky Northvolt loan

Germany takes over a large loan obligation to Northvolt, which risks becoming a multi-billion kronor loss according to Bloomberg. The news comes after the crisis-stricken battery manufacturer recruited Markus Dangelmaier as the new CEO for the subsidiary Northvolt Ett, which owns the company's large battery factory in Skellefteå
Crisis Expert Paul O'Donnell Becomes Chairman of Northvolt One
Business News

Crisis Expert Paul O'Donnell Becomes Chairman of Northvolt One

The battery manufacturer Northvolt's CEO Peter Carlsson has left the post as chairman of the subsidiary Northvolt Ett, which operates the battery factory in Skellefteå. Carlsson has been replaced by crisis expert Paul O'Donnell, reports the newspaper Di
Clear in Skellefteå: 338 officials to be laid off
Business NewsTop News

Clear in Skellefteå: 338 officials to be laid off

It is now clear that 338 officials and engineers will be leaving Northvolt in Skellefteå, according to union agreements with the crisis-stricken battery manufacturer. This comes on top of those who were previously forced to leave the company in Västerås and Stockholm
Northvolt CEO: Will pay 287 million kronor according to plan
Business NewsTop News

Northvolt CEO: Will pay 287 million kronor according to plan

On Monday, Northvolt must pay a tax debt of 287 million kronor. The alternatives are bankruptcy, reconstruction – or personal payment liability for the board
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