American Lyten aims to complete the Northvolt deal "in the beginning of the fourth quarter", according to Lyten's new Sweden manager. The plan is to get the battery production in Skellefteå up and running again during the first half of 2026. But it will be with significantly fewer employees than the approximately 5,000 who worked for Northvolt at the time of the bankruptcy.
BusinessTwo thirds of Northvolt Labs' workforce in Västerås will be laid off. This means that 250 people will remain, out of the initial 800 employees, during the ongoing bankruptcy process, reports SVT News Västmanland.
BusinessBusiness Sweden is to find possible owners and investors for bankrupt Northvolt on behalf of the government.
BusinessThe battery manufacturer Northvolt wants to save the company through a reconstruction in the USA. The company is counting on securing financing through a so-called Chapter 11 process. It must not happen that Europe's first and largest battery factory goes under, says Lorents Burman (S), the chairman of the municipal council in Skellefteå.
Business1,600 people will be leaving the crisis-stricken battery manufacturer Northvolt. This concerns 1,000 employees in Skellefteå, 400 in Västerås, and 200 in Stockholm. It's incredibly sad to have to announce this, says CEO Peter Carlsson to Ekot.
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