The company has made a statement about revising the scope of its activities in Sweden.
In this context, after the first steps taken as part of the strategic evaluation, some measures will be taken to increase the 16 gigawatt-hour production capacity at the Northvolt ⁇ un factory in the face of difficult macroeconomic conditions.
These measures are expected to result in the dismissal of 1,600 Northvolt employees in the country, the statement said, adding that all layoffs are subject to ongoing union negotiations. 1,000 of these employees work at the Northvolt plant in Skelleftea ⁇ in the north of the country.
Peter Carlsson, CEO and Co-Founder of Northvolt, said:
While the overall momentum for electrification remains strong, we need to make sure we're taking the right steps at the right time in response to reverse winds in the automotive market and the wider industrial climate. With all our energy and investments, we need to focus on our core business. The success of the production increase at Northvolt Ett ⁇ is critical to serving our customers and ensuring sustainable commercial activities. No matter how difficult the decisions we make today are, they are necessary for the future of Northvolt ⁇ . ⁇
