The battery company Freyr is reducing staff in Norway. 78 people have to go, most of them at the head office.
The battery company Freyr was to build two large factories in Mo i Rana. Now they are cutting 78 employees in Norway. Drone Photo: Gorm Kallestad / NTBPublished: Published:
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Only ten employees have to go to Mo i Rana, where Freyr is building a large factory, writes NRK.
The company is in the process of halving expenses in Norway. Most of the positions that disappear are located at the head office at Lysaker in Bærum.
In addition, 13 of the company’s 19 directors disappear, writes Helgelands Blad.
What will happen to the large battery factory the company has already built in Mo i Rana is unclear.
– We are completing that building these days and will keep it warm at 12 degrees Celsius. If and when the conditions are right for it, we will start battery production there again, says Freyr CEO Birger Steen.
Freyr promised to build battery factories for NOK 40 billion in Mo i Rana, with potentially up to 1,500 jobs. It garnered billions in support from Norwegian and European authorities. Shortly afterwards it became known that they were planning a giant factory outside Atlanta in the USA.
The background for this is the green tax package that was adopted by the US Congress earlier that year. These are subsidies that make the American market more difficult to enter for goods produced in Europe.
The company is also struggling heavily on the stock exchange, where the share on 10 November was worth only 10 per cent of what it was at its peak.
2023-11-27 13:24:58
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