Saturday, April 5, 2025

Shocking news: Bankruptcy costs 1,500 jobs at car factory

Just over half of all employees at Northvolt's bankrupt factory in Skellefteå will now be forced to leave their jobs, according to the trustee.

Following the bankruptcy of Northvolt in Skellefteå, half of the remaining 3,000 employees have been forced to leave the company.

This is what Dagens Industri writes.

The company Northvolt was declared bankrupt three weeks ago.

Curator Mikael Kubu and representatives from the former management will deliver the sad news to the employees on Monday this week at noon.

The intention is to maintain operations at the factory to enable a sale. In the meantime, the salaries of the employees are covered by the state wage guarantee fund in Sweden.

This means that around 1,500 out of the 3,000 employees at the factory in Skellefteå will have to leave their jobs.

Northvolt has long struggled with poor finances and battery packs that have not materialized. In fact, the factory never managed to deliver even a single battery for a passenger car.

Not even to its largest investor – namely the German Volkswagen. The brand from Wolfsburg also lost a double-digit billion when it became clear almost a month ago that Northvolt could not be saved. Read more about it here.

In fact, Northvolt has been on the verge of bankruptcy several times. Most recently in October 2024, when the company was just a few hours away from closing due to a massive tax debt.

Latest

Don't miss

Wants to go to Denmark – crisis-stricken car brand fires director

The low-cost brand Onvo, which is aiming for a...

67 percent of Americans won't buy a Tesla

In a new survey, 67 percent of Americans say...

Environmental disaster: Millions of car tires are burned

Although car owners pay to have their used tires...

Chinese Xpeng booms ahead – sets new sales record

Chinese electric car manufacturer Xpeng ended 2024 with a...

Won Porsche and 340,000 DKK – now the car is completely damaged

The joy only lasted a few months for a...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

Ford recalls over 4,000 flammable gasoline vehicles

Ford is now recalling over 4,000 gasoline cars because they are equipped with the brand's 3.5-liter EcoBoost V6 engine, which is flammable. Ford is...

Desperate Audi? Selling Le Mans car with V12 diesel engine

Audi is short of money. And now they are trying to make their motorsport division, Audi Sport, pay the price by selling off legendary...

Volvo flees to the US – could lay off thousands of employees

Volvo is now moving larger parts of its production to the US due to fears of the country's new tariffs. But it will take...

4,500 employees to be laid off – car brands stop production

The car group Stellantis is halting production at a number of factories in both Canada and Mexico. This means that 4,500 people will be...

Nobody wants a new Volvo – has sold 33 cars

Volvo's biggest car ever is also the biggest disappointment for the car brand in a very long time. Only 33 new LM90s were produced...

Wants to go to Denmark – crisis-stricken car brand fires director

The low-cost brand Onvo, which is aiming for a European and thus Danish launch, is doing so poorly at home in China that the...

Lamborghini is scrap after 83 kilometers – can you see the mistake?

This Lamborghini Urus only has a short 83 kilometers. Yet it is for scrapping. In fact, the fault is so severe that the car...

Polestar 2 is permanently withdrawn – disappears completely

The US's 25 percent tariff on all imported cars is now causing Polestar to permanently withdraw the Polestar 2 model from the American model...

Rimac wants to buy Porsche for 7 billion kroner

Croatian Rimac is considering buying Porsche's 45 percent stake in Bugatti Rimac. This would give the Croatians full control of Bugatti. Rimac has reportedly...

Danish car importer has expelled its former director

One of Denmark's smallest car importers, RSA Denmark, is now shedding light on why the country manager suddenly left his position back in September...

Controversial repair shop chain loses 12 million

Skorstensgaard, which has been in the media spotlight for suspicious business practices on several occasions, has been in deficit for the fourth year in...

The battery in every fourth Danish car is too bad

New figures from the company Carly show that every fourth Danish car is driving around with a battery that is in poor or even...