Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Northvolt, a battery developer and manufacturer, is closing its facility in Gdańsk, resulting in layoffs of 150 employees. The company is facing serious financial problems, which resulted in the closure of the facility, the plans were announced on 22 November. The factory, which took four years to be built, was opened only a year ago. The factory workers will be laid off, but the Business Scaling Center (which employs 64 people), which provides HR, IT, finance, purchasing and logistics services to the group's companies (located in Gdansk), will continue to operate. Affected employees will receive support through ongoing negotiations. Northvolt, a Swedish company established in 2015, specialises in lithium-ion battery systems and supplies clients in the industrial and energy sectors.
This restructuring is a part of a European restructuring programme which has been recorded in the ERM events database Northvolt 2024 - EU
Eurofound (2024), Northvolt, Closure in Poland, factsheet number 202018, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202018.
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