Lion Electric announces temporary layoffs of 150 employees

Written by Emily J. Thompson, Senior Investment Analyst

LEV%

Updated: Jan 03 2025

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Workforce Reduction Announcement: Lion Electric has announced temporary layoffs of approximately 150 employees across Canada and the United States as part of its restructuring process under the Companies' Creditors Arrangement Act (CCAA).
Focus on Customer Support: Following the layoffs, around 160 employees will remain to assist customers with maintenance and servicing of school buses and trucks during the company's ongoing restructuring efforts.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Lion Electric announces temporary layoffs of 150 employees

About the author

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