Lion Electric announces workforce reduction in the U.S. and Canada

The reorganization 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.

By segreteria

Electric bus and truck manufacturer Lion Electric, heqdquartered in Canada, announced “a workforce reduction aimed at rationalizing its cost structure and improving its ability to reach its profitability objectives”. The reorganization 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.

Statement from Lion Electric CEO, Marc Bedard

“Although this was a very difficult decision and we are sad to part ways with valued employees, this initiative was the right thing to do for the business at this point in time”, said Marc Bedard, CEO-Founder of Lion. “I am confident that the workforce remaining in place is more than capable to continue growing Lion’s leadership”, he added.

Highlights

Related articles

Battery swap, CATL completed tests on commercial vehicles in China

The news was reported by China Trucks, usually well informed about the trucking industry in the Far-Eastern nation. According to the article, "the test achieved a full battery replacement in just 150 seconds, highlighting a potential breakthrough in energy efficiency for electric logistics fleets".

Windrose to partner with DEKRA on electrification and automation

Rigorous vehicle safety testing and evaluation are going to enhance consumer protection through compliance with NCAP ratings and other industry benchmarks. Further, the partnership will explore the application of independent monitoring of battery health, based on DEKRA’s patented EV battery state-of...

Marty Neese is the new President and CEO of Ballard Power Systems

Neese joins Ballard from electrolysis system manufacturer, Verdagy, "with an extensive background in operations, and wide-ranging experience in product standardization, product cost reduction, volume production, and gross margin optimization", as stated by Ballard.