NewsFlash / Cobalt & Lithium / NOVO Energy Announces 50% Workforce Reduction in Major Restructuring Plan
NOVO Energy Announces 50% Workforce Reduction in Major Restructuring Plan
iconMay 9, 2025 19:07
Source:SMM
[50% Layoffs at Major Lithium Battery Manufacturer] Following the bankruptcy of Northvolt, Europe's largest lithium battery enterprise, a series of subsequent issues have emerged. On May 5, NOVO Energy, a lithium battery company under Volvo, announced the launch of a deep restructuring plan, which will involve measures to reduce costs and adjust the scale of operations, leading to a 50% reduction in its workforce.

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