The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.2 - Manufacture Of Batteries And Accumulators
90 jobs Number of planned job losses
Announcement Date
29 January 2025
Employment effect (start)
21 May 2025
Foreseen end date
Description
The cleantech company Northvolt has announced a new restructuring programme within its materials branch, which may result in the redundancy of 90 out of 430 employees within the business area. Negotiations with trade unions have been launched and notice has been given to the Swedish unemployment services (Arbetsförmedlingen). The Materials business area is spread out across multiple units and locations.
Northvolt’s recent financial struggles have led to restructuring under Chapter 11 in the U.S. and large scale lay-offs in 2024 Northvolt 2024 - SE.
The materials branch focuses on cathode manufacturing and recycling of materials. According to company representatives, these are not Northvolt’s focus areas at this moment. Further, the prices of recycled materials have declined on the global markets.
Northvolt is a Swedish design and manufacturing company specialising in lithium-ion battery technology for electric vehicles.
Eurofound (2025), Northvolt, Internal restructuring in Sweden, factsheet number 202321, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202321.
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