Home Truck News Lion Electric slashes workforce - Truck News

Lion Electric slashes workforce – Truck News

Lion Electric announced today it has eliminated 150 positions, about 10% of its total workforce.

The move was done in an effort to: “rationalize its cost structure and improving its ability to reach profitability objectives,” the company said in a release. Job losses will affect both Canadian and U.S. operations.

“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,” Marc Bedard, CEO and founder of Lion said in the release. “I am confident that the workforce remaining in place is more than capable to continue growing Lion’s leadership.”

Lion truck
(Photo: Lion Electric)

Credit: Source link


Please enter your comment!
Please enter your name here

Must Read

CTA submits federal budget wish list – Truck News

The Canadian Trucking Alliance (CTA) has submitted a wish list to the...

Economic Trucking Trends: Trailer orders plummet as truck tonnage snaps ‘back to reality’ – Truck News

A recovery in the freight markets may have experienced a hiccup according...

‘Freedom Convoy’ organizer suing Ottawa for using Emergencies Act to freeze accounts – Truck News

A main organizer of the “Freedom Convoy” is suing the federal government...

Nikola trims losses, looks to ramp up production – Truck News

Nikola Corp. pared losses in the fourth quarter and ramped up deliveries...

Free webinar on incident response management – Truck News

Trucking is one of the few industries that shares its workplace with...