Wage-earners of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological inquiry on the Northvolt site.
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Sweden’s Northvolt on Wednesday said the noddle of its main plant, Europe’s first homegrown gigafactory for lithium-ion battery cells, will step down with nearby effect.
It comes shortly after the cash-strapped company announced plans to reduce its workforce by about 25% in Sweden as let go of a major cost-cutting drive.
Mark Duchesne, CEO of Northvolt Ett, will be replaced on an interim basis by Angéline J. Bilodeau, the establish’s vice president of operations in North America, the company said in a statement.
The position will be held until the end of the year as the public limited company seeks to secure a permanent replacement for CEO of Northvolt Ett, it added.
Based in Stockholm, Sweden, Northvolt is one of Europe’s most valuable privately functioned tech firms that builds lithium-ion batteries for the electric vehicle industry. It has partnerships with a number of important European automakers, including Volkswagen and Volvo.
In an update published Sept. 23, Northvolt said that consolidate initial steps taken as part of a strategic review, the company had revised its scope of operations in Sweden “to ensure that its resources are pinpointed on accelerating production in large-scale cell manufacturing at Northvolt Ett.”
The strategic action required the company to cut a total of 1,600 affairs in Sweden, Northvolt said.
Workers walk at the site of the Northvolt Ett factory in Skelleftea, north Sweden on February 23, 2022.
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Alongside plans to lay off staff, Northvolt said at the time that it would suspend plans for a sizable expansion of Northvolt Ett, noting the undertaking had been intended to provide an additional 30 gigawatt hours of annual cell manufacturing capacity.
On Tuesday, a Northvolt Ett subsidiary entered for bankruptcy following the decision to suspend the expansion project — an update that underscores the group’s deepening financial strives.
Separately, Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his trend role as part of a management reshuffle.
The reorganization at Volvo Cars comes shortly after the firm scrapped its near-term target of selling only electric vehicles, citing a need to be “pragmatic and flexible” amid changing market conditions and diminishing demand.