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Lion Electric To Cut 150 Jobs Or 10% Of Total Headcount Amid Rationalization Of Cost Structure
(RTTNews) - Electric urban vehicles maker Lion Electric Co. (LEV, LEV.TO) announced Monday a workforce reduction aimed at rationalizing its cost structure and improving its ability to reach its profitability objectives.
The company said the reduction affects 150 employees or approximately 10% of Lion's total headcount, in production overhead, manufacturing, product development and administrative functions, both in Canada and the United States.
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Thai Stock Market May Spin Its Wheels On Friday
The Thai stock market has moved higher in four straight sessions, gathering almost 50 points or 4.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,265-point plateau although it may be stuck in neutral on Friday.
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35 минут назад
Continued Consolidation Called For Indonesia Stock Market
The Indonesia stock market has finished lower in back-to-back sessions, slipping more than 25 points or 0.3 percent in that span. The Jakarta Composite Index now sits just above the 7,490-point plateau and it may take further damage on Friday.
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1ч 5мин назад
Japanese Market Sharply Higher; Up 2%
Extending the gains in the previous three sessions, the Japanese market is sharply higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is jumping almost 2 percent to above the 41,850 level, with gains across all sectors led by index heavyweights, exporters and technology stocks.
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1ч 9мин назад
Consolidation Likely For Hong Kong Shares
The Hong Kong stock market has moved higher in four straight sessions, advancing more than 570 points or 2.4 percent along the way. The Hang Seng Index now rests just above the 25,080-point plateau although it may see some profit taking on Friday.
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1ч 20мин назад
Australian Market Notably Lower
The Australian stock market is trading notably lower on Friday, extending the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness in energy, financial and technology stocks partially offset by gains in mining stocks.
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1ч 30мин назад
Rally May Stall For China Stock Market
The China stock market has tracked higher in four straight sessions, gathering almost 80 points or 2.4 percent along the way. The Shanghai Composite Index now sits just beneath the 3,640-point plateau although it may run out of steam on Friday.
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1ч 35мин назад
Taiwan Stock Market May Hand Back Thursday's Gains
The Taiwan stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had slipped more than 270 points or 1.2 percent. The Taiwan Stock Exchange now sits just above the 24,000-point plateau although it's likely to turn lower again on Friday.
RTTNews
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2ч 5мин назад
Japan Overall Bank Lending Climbs 3.2% On Year
The value of overall bank lending in Japan was up 3.2 percent on year in July, the Bank of Japan said on Friday - coming in at 644.396 trillion yen.
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2ч 20мин назад
