Northvolt Cuts 1600 Jobs in Sweden

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Revised Operations in Sweden

Northvolt has announced a revised scope of operations in Sweden, focusing on accelerating production at Northvolt Ett. This strategic shift will result in approximately 1,600 job redundancies across Skellefteå, Västerås, and Stockholm, subject to union negotiations. The company aims to prioritize commitments to its automotive customers by ramping up the first 16 GWh phase of Northvolt Ett, supported by an acceleration program that has already tripled cell production this year.

Suspension and Slowdown of Projects

In Skellefteå, the expansion project intended to add 30 GWh of annual cell manufacturing capacity has been suspended. Additionally, the Northvolt Ett cathode active material facility has been placed into care and maintenance. In Västerås, the pace of programs and expansion at Northvolt Labs will be reduced, although the fundamental platforms for battery innovation and product development will be maintained.

Workforce Reduction and Support

To ensure a sustainable operation and cost base, Northvolt plans a workforce reduction of approximately 20% globally and 25% in Sweden. The company is working with union representatives to manage the process. Northvolt is also mobilizing internal resources and partnering with external organizations to support affected employees, including assistance with job searches and relocation, particularly for those on work visas.

Community Response

In response to the job cuts at the Skellefteå facility, local authorities are coordinating with businesses, public agencies, and educational institutions to help those affected find new employment. Despite the reductions, Northvolt remains a significant employer in the region, and Skellefteå's broader industrial growth continues with investments from other companies like Boliden.

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