About this Deal
|Thousands of Lowe's employees are being laid off after the company announced its decision to outsource maintenance jobs, which include product assembly, to third-party companies. The home improvement retailer commented that the decision is partially so that associates can spend more time helping customers. |
These assembly workers will be given the opportunity to apply for available positions with the company and receive transition pay. Although Lowe's is laying off a significant number of employees, it has also created jobs outside of its retail centers, such as the new technology center in North Carolina, which have opened up 2,000 new employment opportunities.
The company, has also been experiencing financial hardship lately. CEO Marvin Ellison has been shuttering stores to reduce costs. This only adds to the amount of retail store closures happening in the U.S. right now, which currently totals around 7,000.
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