Lion Electric temporarily lays off 400 workers, gets extension from creditors
- Lion Electric is temporarily laying off 400 employees and shutting down production at its Illinois plant.
- The company has secured an extension to Dec. 16 for a loan and a credit agreement.
- The union states that the extension indicates serious discussions are happening to save the company, but it does not guarantee a solution.
65 Articles
65 Articles
Electric bus maker, Lion Electric, to ‘suspend’ production in Joliet – Shaw Local
Lion Electric came to Joliet with fanfare for its place in the future electric vehicle industry in Illinois. The state provided the company with $7.9 million in tax incentives tied to 745 future jobs at the Joliet plan, a number that Lion executives said they would exceed .
Lion Electric Falls Apart In Joliet: No More Electric Buses Here
Lion Electric Falls Apart In Joliet: No More Electric Buses Here - Joliet, IL - A Canadian news site broke the news revealing that Joliet's manufacturing location will no longer be making any more electric school buses.
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