NewsLion Electric announces workforce reduction

November 28, 2023by 0

27 Nov, 2023, 09:05 ET
MONTREAL, Nov. 27, 2023 /PRNewswire/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today a workforce reduction aimed at rationalizing its cost structure and improving its ability to reach its profitability objectives.
The reduction affects 150 employees (approximately 10% of Lion’s total headcount) in production overhead, manufacturing, product development and administrative functions, both …

The post Lion Electric announces workforce reduction appeared first on The Loadstar.

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