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Thousands of jobs threatened by Northvolt's bankruptcy
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Thousands of jobs threatened by Northvolt's bankruptcy

Thousands of employees are affected by Northvolt's bankruptcy, Sweden's largest in modern times. I am very sad
Thousands of jobs threatened by Northvolt's bankruptcy
Business NewsTop News

Thousands of jobs threatened by Northvolt's bankruptcy

Thousands of employees are affected by Northvolt's bankruptcy, Sweden's largest in modern times. I am very sad
Sources: Northvolt may file for bankruptcy tomorrow
Business News

Sources: Northvolt may file for bankruptcy tomorrow

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.
Ivo: Grave deficiencies on maternity wards
Sweden News

Ivo: Grave deficiencies on maternity wards

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
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
Major Shareholders Expect a Northvolt Shock
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Major Shareholders Expect a Northvolt Shock

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
He still believes in the German Northvolt factory
Business News

He still believes in the German Northvolt factory

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
Northvolt's CEO sold shares for hundreds of millions
Business News

Northvolt's CEO sold shares for hundreds of millions

Northvolt's current CEO Peter Carlsson has in recent years sold some of his shares in the company – and earned hundreds of millions.
Northvolt's CEO is leaving: Should have slammed on the brakes
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Northvolt's CEO is leaving: Should have slammed on the brakes

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
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
VW: In close contact with Northvolt
Business News

VW: In close contact with Northvolt

Northvolt in crisis - "Dialogue is ongoing"
Business NewsTop News

Northvolt in crisis - "Dialogue is ongoing"

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
Foreign Staff in a Tight Spot as Northvolt Cuts Down
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Foreign Staff in a Tight Spot as Northvolt Cuts Down

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
Northvolt source: 150 million euros secured
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Northvolt source: 150 million euros secured

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
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
Northvolt owner: The situation is serious
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Northvolt owner: The situation is serious

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
Northvolt: This is what has happened
Business News

Northvolt: This is what has happened

On Monday, Northvolt laid off 1,600 of its employees in Sweden. Here is the background to the battery giant's crisis
Northvolt lays off – 1,600 forced to leave
Business NewsTop News

Northvolt lays off – 1,600 forced to leave

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
The Union at Northvolt: "Very strained situation"
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The Union at Northvolt: "Very strained situation"

The situation is strained and acute. This is the picture presented by the management to the trade union at crisis-ridden Northvolt
Northvolt hits the brakes - warns employees
Business NewsTop News

Northvolt hits the brakes - warns employees

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
Northvolt's CEO: "We've been a bit too aggressive"
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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