Lion Electric announced Friday it’s temporarily laying off around 150 workers in Canada and the U.S., in the context of its ongoing proceedings under the Companies’ Creditors Arrangement Act (CCAA).
The Montreal-based maker of electric buses and trucks says the latest round of layoffs affects all departments.
Get breaking National news
In a press release, the company says that leaves around 160 workers, who will concentrate mainly on helping clients with the maintenance of school buses and trucks.
Lion Electric, which has been going through financial difficulties, officially obtained creditor protection mid-December.
- Montreal tourism breaks previous record with numbers climbing exponentially
- Trump tariffs could see Canadian exporters lose half their revenue: survey
- City of Calgary, Rocky View County sign partnership to accelerate Prairie Economic Gateway
- Strategic oil stockpiles have hit a 40-year low amid the Iran war
In 2024, Lion Electric announced four waves of layoffs affecting around 920 workers, with the last one announced at the beginning of December.
Over the past few years, the company has been financially supported by the federal and Quebec governments, the Fonds de solidarité FTQ and Fondaction, particularly through loans.
Comments
Want to discuss? Please read our Commenting Policy first.