Best Economy Ever: Lowe's Laying Off Thousands And Outsourcing Maintenance And Assembly Jobs

Zero Hedge | 8/1/2019 | Staff
InLove4567 (Posted by) Level 3
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Home-improvement chain Lowe's told thousands of workers this week that their roles were being eliminated and that the company was outsourcing maintenance, assembly and janitorial services, according to the Wall Street Journal.

Maintenance staff and assemblers were notified that they were being laid off, according to employees, and that their roles are going to be outsourced to third-party companies. Every Lowe’s store has several staff members that work in assembly and manufacturing. Workers are being told that they can reapply for other open positions at the company, but they’re not guaranteed the same pay.

Lowe - Full-time - Part - Time - Workers

Lowe's employed 90,000 full-time and 110,000 part time workers as of February 1. The company has about 2,000 stores in the United States.

The move comes as a sign that new CEO Marvin Ellison is going to cut costs aggressively after the company lowered its profit targets for the year early in 2019.

Move

And the move comes...
(Excerpt) Read more at: Zero Hedge
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