S Korean battery maker SK On to lay off staff amid challenging EV market

S Korean battery maker SK On to lay off staff amid challenging EV market

FILE PHOTO: The logo of SK On is pictured at its EV battery factory in Seosan, South Korea, October 19, 2023. REUTERS/Kim Hong-Ji/File photo

South Korean battery maker SK On said on Thursday it plans to introduce voluntary measures aimed at reducing its workforce, as the company seeks to improve efficiency and remain competitive in a challenging electric vehicle market.