Electric vehicle maker Lion Electric cuts about 120 jobs as it looks to reduce costs
- Lion Electric plans to cut around 120 jobs, focusing on Canadian employees in overhead and product development roles.
- The job cuts and cost reductions by Lion Electric are anticipated to save approximately $40 million annually.
- The company, after previous job cuts, will maintain roughly 1,150 employees while implementing cost-saving measures in various areas.
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Leaning Left7Leaning Right2Center4Last Updated15 days agoBias Distribution54% Left
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L 54%
C 31%
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