The Lion Electric Company, a leading manufacturer of all-electric medium and heavy-duty urban vehicles, has announced 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.
“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.
Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles’ components, including chassis, battery packs, truck cabins and bus bodies.