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Northvolt, a leading European battery manufacturer, will lay off 1,600 employees in Sweden following the cancellation of a major contract with BMW. The company is shifting focus to accelerate ...

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STOCKHOLM (Reuters) - Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe's biggest hope in the electric vehicle battery market struggles ...

Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in demand.