The Lion Electric Co.’s stock LEV fell 5% on Monday in premarket trading after it said it will reduce its work force by 150 people or 10% of its total head count to cut costs and move toward profitability. The job cuts come from the EV truck maker’s production overhead, manufacturing, product development and administrative units in Canada and the U.S.
…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?
Log In
