Lion electric announces workforce reduction to rationalize cost structure

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 in canada and the united states.
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