Northvolt has faced immense pressure in the electric mobility market. As a result, they've announced significant job cuts totaling 1,600 across Sweden, with Skellefteå, Västerås, and Stockholm being the hardest hit.
The restructuring includes suspending the Northvolt Ett expansion project in Skellefteå and putting the cathode active material facility into care and maintenance, emphasizing the company's need to streamline operations.
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