Lion Electric to cut workforce in North America

Lion Electric announced a workforce reduction aimed at rationalizing its cost structure and improving its ability to reach its profitability objectives. The move will affect Lion's workers both in the USA and in Canada.

Image: Lion Electric

The staff reduction affects 150 employees, which corresponds to approximately 10% of Lion’s total headcount, in production overhead, manufacturing, product development and administrative functions, both in Canada and the United States.

Despite cutting a significant part of its workforce, the company is convinced that production and development will continue unphased: “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.”

The decision to start downsizing is a new course for the North American company, which had been on a steady expansion course until now. Just a few weeks ago, Lion Electric announced a major electric school bus order from the Canadian province Alberta. A new factory was opened in Illinois in July, just after the company had received a major cash injection to fund its expansion.


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