Volvo Cars' battery company Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after evaluating its business to take account of the bankruptcy of Sweden's Northvolt, which ...

Volvo Cars' battery venture Novo Energy has announced a workforce reduction and organisational changes, cutting 50% of its employees. This decision follows the bankruptcy of its technology partner, ...

(RTTNews) - NOVO Energy, the battery unit of Swedish luxury car maker Volvo Car AB (VLVOF, VOLCAR-B.ST), announced Monday around 50 percent reduction in its workforce, as part of its actions to ...

(This May 5 story has been corrected to say that the planned transaction to raise Volvo Cars stake in Novo Energy to 100% from 50% is still pending approval, in paragraph 9) STOCKHOLM (Reuters ...

STOCKHOLM (Reuters) - Volvo Cars' battery company Novo Energy said on Monday it will cut its workforce by 50% to reduce costs after evaluating its business to take account of the bankruptcy of ...