Electric vehicle maker Lion Electric cuts about 120 jobs as it looks to reduce costs

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Product Development News

Lion Electric,Canadian Employees,The Canadian Press

MONTREAL — The Lion Electric Co. says it's cutting about 120 jobs as part of a plan to reduce costs. The Montreal-based maker of electric trucks and buses...

The Montreal-based maker of electric trucks and buses says the cuts are mostly Canadian employees in overhead and product development roles.

The move comes after the company announced that it was cutting more than 100 employees in February and 150 workers in November last year.The company says it is also moving to reduce costs in areas such as third-party inventory logistics, lease expenses, consulting, product development and professional fees.

The Nashville Zoo’s beloved tortoise Koraline recently enjoyed a “good shell scratch” while hanging out, video from the zoo shows.Koraline is an Aldabra tortoise, which is one of the largest types of tortoise and is classified as a vulnerable species, according to the zoo.Although the shell is less sensitive than their skin, “turtles and tortoises actually have nerve endings in their shells and can feel when being touched,” the zoo said.

MONTREAL — The agency that oversees Montreal's Olympic Stadium is looking for ideas to reuse the components of the building's tattered, old roof — including membranes the size of 26 hockey rinks and cables 12 kilometres long. This week, the Olympic Park launched an international request for submissions from design and architecture students and professionals for ways to give a second life to the materials that are set to be dismantled beginning this summer.

Canada will provide up to C$5 billion in loan guarantees to help Indigenous groups invest in natural resource projects, the Liberal government said in its annual budget on Tuesday. The program could give the groups major investment opportunities, from the government-owned Trans Mountain oil pipeline to TC Energy's Coastal GasLink pipeline, power lines and wind and solar projects.

 

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