Lion Electric (LEV) cuts workforce by 10%

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Go back to Lion Electric (LEV) cuts workforce by 10%

LION ELECTRIC ANNOUNCES WORKFORCE REDUCTION TO RATIONALIZE COST STRUCTURE

November 27, 2023 9:05 AM EST

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%... More