LION ELECTRIC ANNOUNCES WORKFORCE REDUCTION TO RATIONALIZE COST STRUCTURE

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Lion Electric (LEV) cuts workforce by 10%

November 27, 2023 11:40 AM EST

Canada-based, Lion Electric (NYSE: LEV) announced Monday that the medium and heavy-duty electric automaker will reduce its workforce by 150 employees in an attempt to rationalize its cost structure and improve profitability.

The reduction will effect approximately 10% of Lion's total workforce in production overhead, manufacturing, product... More