: Electric-vehicle truck maker Lion Electric Co. cutting 150 jobs

The Lion Electric Co.’s stock LEV fell 5% on Monday in premarket trading after it said it will reduce its work force by 150 people or 10% of its total head count to cut costs and move toward profitability. The job cuts come from the EV truck maker’s production overhead, manufacturing, product development and administrative units in Canada and the U.S.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.