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Swedish battery maker Northvolt to slash 1,600 jobs, quarter of staff
Swedish battery maker Northvolt to slash 1,600 jobs, quarter of staff
Economy
by  AFP

Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in demand. The loss of 1,600 jobs in Sweden comes as electric car sales slump in Europe and the continent lags far behind China in battery production.