The Toronto-based battery recycling company is eliminating about 60 positions as it transitions from a “regional to a centralized management model,” the company said in a release late Tuesday. (The Logic)
Skip to content
The Toronto-based battery recycling company is eliminating about 60 positions as it transitions from a “regional to a centralized management model,” the company said in a release late Tuesday. (The Logic)
Talking point: As my colleague Anita reported, Li-Cycle recently announced it was pausing operations at an Ontario plant and re-evaluating operations in New York, Alabama and Arizona. The company, which recycles and recovers resources from batteries, is now focusing on just two battery materials—mixed hydroxide precipitate and lithium carbonate—at its Rochester, N.Y. plant. Li-Cycle will book an $8.3-million charge as part of the layoffs. The staff reductions come as automakers increasingly cut EV prices amid a projected slowdown in demand for batteries and electric vehicles.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Online harms bill would give new regulator power to slap massive fines on AI, social media giants
Briefing
Cenovus’s Jon McKenzie says there’s no financial case for a new pipeline and major carbon capture
Ubisoft shuts down Winnipeg studio
Quebec invested over $760M in battery companies that eventually went under, report says
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
