On Monday, the company sent out a press release that it is pausing part of the battery factory in Skellefteå to streamline operations and reduce costs.
The next day, communications manager Matti Kataja appears for an interview, but he doesn’t have much more concrete information to give regarding how big the reductions will be.
Financial crisis for Northvolt
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– How big can the union negotiations show. It will become clear in the near future, he says.
No connection to work environment and accidents
You put an entire department on break, is there any connection to the work environment and accidents?
– No, not in this. The decisions we made in the strategic review have nothing to do with those questions, says Matti Kataja.
“Order book of over 50 billion dollars”
How urgent is it to raise capital?
– We are working on a financing round and talking to our partners. We’ll get back to you when it’s completed.
Will this be enough for Northvolt to live on?
– Absolutely, I am completely convinced of that. We have a long list of customers, orders, an order book of over 50 billion dollars. The only thing we want is to get production started, says Matti Kataja.