Lion Electric (LEV) cuts workforce by 10%

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

Lion Electric (LEV) to Cut 10% Staff

November 27, 2023 9:06 AM EST

The Lion Electric Company (NYSE: LEV) 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... More