SAINT-JÉRÔME, Que. — The
The move affects workers — mainly on the nightshift — at its Saint-Jérôme factory in Quebec’s Laurentian region.
The maker of electric buses and trucks also laid off 150 employees last fall.
In a release Thursday, the company says the decision stemmed largely from delays around the granting of government subsidies, namely the federal
The announcement comes as the company reported a full-year net loss of
The news prompted a roughly 15 per cent drop in
“This past year has not been without its challenges, particularly as it relates to a volatile incentive environment that slowed down the pace of orders and deliveries," said CEO and co-founder Marc Bédard in an earnings release.
In the last three months of 2023,
The company’s order book now stands at about
This report by The Canadian Press was first published
Companies in this story: (TSX:LEV)
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