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 (26 - 27) Manufacture of electrical, electronic and optical products 27.2 - Manufacture of batteries and accumulators 27.20 - Manufacture of batteries and accumulators
600 jobs Number of planned job creations
Announcement Date
27 February 2026
Employment effect (start)
1 March 2026
Foreseen end date
Description
The American company Lyten's acquisition of Swedish battery manufacturer Northvolt has been concluded. The company is resuming production of batteries and research activities at both of its acquired locations in Skellefteå and Västerås and is expecting to hire more than 600 people within the upcoming 12 months. Most will be rehires of employees who lost their jobs when Northvolt went bankrupt in March 2025 see Northvolt 2025 - SE.
Battery production in Skellefteå will also be combined with a data centre under a new Industrial Hub. The company's research centre is instead located in Västerås.
The news of the finalisation of the acquisition is welcomed by the ombudsman at the Swedish trade union Unionen, which represents around 1,000 former employees of Northvolt with a right to re-employment. These members are a priority for the new positions at Lyten, according to the ombudsman. However, many former employees have already found new employment or left the country.
Currently, Unionen is waiting for confirmation on when the re-hirings will commence.
Eurofound (2026), Lyten, Business expansion in Sweden, factsheet number 204332, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204332.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
