Quebec's Lion Electric temporarily lays off more than half of remaining workforce
The electric bus and truck manufacturer announced 400 more temporary layoffs in Canada and the United States, adding to the 520 workers that were laid off earlier this year.
Lion Electric Shares Jump on Debt Deadlines Postponement, Temporary Layoffs
Shares of Lion Electric jumped in early trading Monday after the company said it temporarily laid off staff and extended debt deadlines with its lenders. Shares trading in Toronto rose 29% to 33 Canadian cents (24 cents).
Lion Electric surges after getting a temporary reprieve from its creditors
Lion Electric (LEV) stock soared 61% after creditor relief, but the company announced layoffs and suspension of manufacturing in Joliet, Illinois.
Quebec company Lion Electric temporarily lays off more than half of remaining workforce
Quebec company Lion Electric announced 400 more temporary layoffs in Canada and the United States, adding to the 520 workers that were laid off earlier this year.
Lion Electric Temporarily Lays Off Staff, Extends Debt Deadlines
Lion Electric will temporarily lay off more than half its workforce and said its lenders have agreed to extend the suspension of its debt covenants and the maturity of its loans by two weeks. The embattled Montreal manufacturer of all-electric medium and heavy-duty urban vehicles Sunday said it will temporarily lay off about 400 employees in both Canada and the U.
Lion Electric temporarily lays off 400 workers, gets extension from creditors
MONTREAL — Electric bus manufacturer Lion Electric is temporarily laying off 400 employees and shutting down production at its Illinois plant after getting a two-week reprieve from its lenders.
Lion Electric Restructures Finances and Workforce
Lion Electric Company (LEV) has released an update. Lion Electric Company is taking significant steps to address its financial challenges by
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