November 7, 2025: The European Commission has proposed a total of €8.5 million ($9.8 million) to be paid to employees dismissed after the bankruptcy of battery maker Northvolt in Sweden.

Northvolt said last March 12 it had filed for bankruptcy following an exhaustive effort to explore all available means to secure a viable financial and operational future.

The Commission announced on October 30 that the proposed payment, to support nearly 6,000 former employees, would be made from the European Globalisation Adjustment Fund for Displaced Workers, subject to approval by the European Parliament and the European Council.

Sweden applied for support from the fund in June to help those affected rejoin the labour market match their skills with emerging industries in northern Sweden.

Batteries International reported last month that California-based lithium sulfur developer Lyten had put a new management team in place in Sweden and Poland for Northvolt, in the wake of its takeover of the troubled battery firm.