Business

Lowe is laying off thousands of workers, planning to outsource jobs




Lowe's is laying off thousands of workers. Departures will include installers, who put together items such as barbecue and outdoor furniture. The company will also cut maintenance and civil service jobs, such as janitors. The company said it is outsourcing these positions to third-party companies. Lae would not say exactly how many workers will be laid off. It said workers who are eliminated from jobs will receive transitional wages and have the opportunity to apply for open roles at Lowe's. The Wall Street Journal first reported Lowe's plan. "We're moving to third-party assemblers and construction services to allow Lowe's store employees to spend more time on the sales floor and serve customers," said a spokesman for Lowe. Lue's operates more than 1[ads1],700 stores in the United States. As of February 1, Lowe employed approximately 190,000 full-time and 110,000 part-time employees in the United States, Canada and Mexico. Under CEO Marvin Ellison, who joined the company last year from JCPenney, Lowe's has launched an ambitious turnaround plan to compete against Home Depot and other retailers. Previously, Lowe closed 20 US stores, quit the Mexico business and closed its 99 Orchard Supply Hardware stores in the United States. The company has also reduced its inventory. The home remodeling sector has been one of the bright spots in retailing Amazon and its online competitors. Unlike many department stores and malls-based retailers, Lowe's, Home Depot and home improvement retailers have not made mass store closures. Related video: Nissan cutting jobs

Lowe's is laying off thousands of workers.

Terminations will include installers, who assemble items such as barbecue and outdoor furniture. The company will also cut maintenance and civil service jobs, such as janitors. The company said it is outsourcing these positions to third-party companies.

Lowe refused to say exactly how many workers would be laid off. It said workers who are eliminated from jobs will receive transitional wages and have the opportunity to apply for open roles at Lowe's. The Wall Street Journal first reported Lowe's plan.

"We are moving to third-party assemblers and plant services to allow Lowe's store employees to spend more time on the sales floor and serve customers," said a spokesman for Lowe.

Lowe's operates more than 1,700 stores in the United States. As of February 1, Lowe employed approximately 190,000 full-time and 110,000 part-time employees in the United States, Canada and Mexico.

Under CEO Marvin Ellison, who joined the company last year from JCPenney, Lowe's has launched an ambitious turnaround plan to compete against Home Depot and other retailers.

Previously, Lowe closed 20 US stores, quit the Mexico business and closed its 99 Orchard Supply Hardware stores in the United States. The company has also reduced its inventory.

The refurbishment sector has been one of the bright spots in retailing Amazon and its online competitors. Unlike many department stores and malls-based retailers, Lowe's, Home Depot and home improvement retailers have not made mass closures.

Related video: Nissan cutting jobs



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