Northvolt's Laid Off Workers Snapped Up by Hitachi Energy [Financial Post (Toronto, Ontario, Canada)]
HITACHI LTD ADR (HTHIY)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Hitachi Energy is hiring workers from Northvolt AB as the cash-strapped battery maker lays off about 1,600 people at its sites in Sweden. The maker of transformers, electricity network equipment and other hardware for the energy industry is seeing surging demand for its products as the electrification of the economy requires fast ramp ups of both networks and generation assets. It plans to hire 1,500 people by 2027, mainly engineers, production and assembly staff, Tobias Hansson, who heads up Swedish activities, said in an interview. That would take the number at his unit to about 8,000 by then. “It's natural that we are reaching out to Northvolt as we need to grow and they are cutting back,” Hansson said. Northvolt, on the other hand, has struggled to ramp up production at its main plant, encountering quality problems just as demand for its p
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