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Thousands of jobs threatened by Northvolt's bankruptcy
3 MIN READ
Thousands of employees are affected by Northvolt's bankruptcy, Sweden's largest in modern times. I am very sad
Business News
Top News
Thousands of jobs threatened by Northvolt's bankruptcy
3 MIN READ
Thousands of employees are affected by Northvolt's bankruptcy, Sweden's largest in modern times. I am very sad
Business News
Sources: Northvolt may file for bankruptcy tomorrow
1 MIN READ
Northvolt will apply for bankruptcy on Wednesday morning if the crisis-stricken company does not receive new capital by then, according to two independent sources for Dagens Nyheter.
Sweden News
Ivo: Grave deficiencies on maternity wards
1 MIN READ
Serious deficiencies at 41 maternity wards around the country have not been addressed, despite previous warnings. This is shown by a review from the Health and Social Care Inspectorate (Ivo), reports Sveriges Radio Ekot
Business News
The German state takes over risky Northvolt loan
2 MIN READ
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
Business News
Top News
Major Shareholders Expect a Northvolt Shock
2 MIN READ
Northvolt's major shareholders are expecting a significant blow in the reconstruction that the crisis-stricken battery manufacturer wants to implement. The largest owner, German Volkswagen (VW), has written down most of the value of its holding, reports Reuters citing sources
Business News
He still believes in the German Northvolt factory
2 MIN READ
Germany's Minister of Economy and Vice Chancellor Robert Habeck is "cautiously optimistic" about crisis-stricken Northvolt's plans for a factory in Germany. Northvolt's problems must be taken seriously, but they are technically possible to solve, according to Habeck
Business News
Northvolt's CEO sold shares for hundreds of millions
1 MIN READ
Northvolt's current CEO Peter Carlsson has in recent years sold some of his shares in the company – and earned hundreds of millions.
Business News
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Northvolt's CEO is leaving: Should have slammed on the brakes
3 MIN READ
Northvolt's CEO Peter Carlsson is leaving his post – the day after the crisis-stricken battery manufacturer applied for reconstruction in the USA. According to Carlsson, the company is not a sinking ship, but he is simultaneously self-critical: We should have applied the brakes a bit earlier, he says
Business News
Crisis Expert Paul O'Donnell Becomes Chairman of Northvolt One
1 MIN READ
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
Business News
VW: In close contact with Northvolt
1 MIN READ
Business News
Top News
Northvolt in crisis - "Dialogue is ongoing"
3 MIN READ
The crisis-stricken battery manufacturer Northvolt is considering applying for bankruptcy protection or bankruptcy, according to several media outlets citing sources. "The dialogue about future financing is ongoing," writes the company's press spokesperson Erik Zsiga to TT about the reports
Business News
Top News
Foreign Staff in a Tight Spot as Northvolt Cuts Down
3 MIN READ
Crisis-stricken Northvolt, which is to pay over a quarter of a billion kronor to the Tax Agency on Monday, is in acute need of more money from owners and lenders. A crucial piece of the puzzle to get it in place is the reduction of 1,600 employees, which is expected to be completed this week
Business News
Top News
Northvolt source: 150 million euros secured
2 MIN READ
Crisis-ridden Northvolt is holding talks with lenders and investors to raise 200 million euros, approximately 2. 3 billion Swedish kronor, according to several media outlets citing the news agency Reuters
Business News
Top News
Northvolt CEO: Will pay 287 million kronor according to plan
3 MIN READ
On Monday, Northvolt must pay a tax debt of 287 million kronor. The alternatives are bankruptcy, reconstruction – or personal payment liability for the board
Business News
Top News
Northvolt owner: The situation is serious
3 MIN READ
The battery manufacturer Northvolt's cash reserves need to be replenished. Major lenders are meeting today to discuss a new lifeline, according to the news agency Bloomberg
Business News
Northvolt: This is what has happened
2 MIN READ
On Monday, Northvolt laid off 1,600 of its employees in Sweden. Here is the background to the battery giant's crisis
Business News
Top News
Northvolt lays off – 1,600 forced to leave
3 MIN READ
1,600 people will be leaving the crisis-stricken battery manufacturer Northvolt. This concerns 1,000 employees in Skellefteå, 400 in Västerås, and 200 in Stockholm
Business News
Top News
The Union at Northvolt: "Very strained situation"
3 MIN READ
The situation is strained and acute. This is the picture presented by the management to the trade union at crisis-ridden Northvolt
Business News
Top News
Northvolt hits the brakes - warns employees
2 MIN READ
The battery manufacturer Northvolt is announcing a series of measures and shutting down part of the factory in Skellefteå, with approximately 300 employees. It's hard to avoid that it's been tough, says Teodor Mellström, local chairman of the academic union
Business News
Northvolt's CEO: "We've been a bit too aggressive"
The battery manufacturer Northvolt is considering slowing down its extensive international plans. We have been a bit too aggressive in our expansion plans and that's what we're reviewing now, says CEO Peter Carlsson to Dagens industri
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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