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Published 15 days ago

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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