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Staff of the State Archaeological Workplace have hung photos of finds from a development trailer throughout a fundamental archaeological investigation on the Northvolt website.
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Battery maker Northvolt on Monday introduced plans to chop a complete of 1,600 jobs in Sweden as a part of a serious cost-cutting drive.
In an replace printed by way of its web site, Northvolt mentioned that following preliminary steps taken as a part of a strategic evaluation, the corporate had revised its scope of operations in Sweden “to make sure that its assets are targeted on accelerating manufacturing in large-scale cell manufacturing at Northvolt Ett.”
It added that these measures had been anticipated to end result within the redundancy of roughly 1,600 staff, together with 1,000 positions at its manufacturing facility in Skellefteå within the north of the nation.
Based mostly in Stockholm, Sweden, Northvolt is one in every of Europe’s most dear privately-held tech companies that builds lithium-ion batteries for the electrical automobile business. It has partnerships with a lot of main European automakers, together with Volkswagen and Volvo.
That is breaking information. Please refresh for updates.
— CNBC’s Ryan Browne contributed to this report.
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