Lion electric announces workforce reduction and cost-cutting measures

Montreal , april 18, 2024 /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 reduction of its workforce, combined with other cost-cutting measures, aimed at further reducing its operating expenses and aligning its cost structure to current market dynamics. the workforce reduction affects approximately 120 employees, mostly canada-based employees in overhead and product development functions.
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