Crisis of the Swedish battery manufacturer Northvolt it spreads to other companies in the region. The Northvolt unit managing the expansion of its main battery cell factory in northern Sweden has filed for bankruptcy. Earlier in September, Northvolt decided to lay off 1,600 employees in Sweden, including 1,000 in Skelleftea.
A company cooperating with Northvolt lays off employees
Now Northvolt’s first cooperating company announced that it is laying off employees working at its Skelleftea unit. The recycling company announced it was laying off 60 workers working at Stena Recycling’s facility in Skelleftea, the same city in northern Sweden where Northvolt’s flagship plant in Ett is located, according to a statement on Friday.
Tobias Narvinger of Stena Recycling said that in addition to laying off employees, the company would also analyze how “the changes that our largest customer in Skelleftea informed us about this week will affect the company’s operations.” Stena Recycling is one of Europe’s leading industrial recycling companies and operates in Sweden, Norway, Denmark, Finland, Germany, Poland, Italy and the USA. Stena Recycling collectively employs more than 3,500 people, according to its website.
Restructuring of a construction company
Recently, another company cooperating with Northvolt submitted a restructuring application to a Swedish court. Titan Konstruktion, a local construction company, worked on the Northvolt project. According to legal documents seen by Bloomberg News in its court filing, Titan said one non-paying customer was responsible for about 85%. total company revenues. The lawyer working on the application confirmed that the client was Northvolt.
