trending Market Intelligence /marketintelligence/en/news-insights/trending/t0YbXv42w3kDLptbkNh93g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Lowe's lays off assembly and maintenance workers across US stores

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Lowe's lays off assembly and maintenance workers across US stores

Lowe's Cos. Inc. is laying off assembly and maintenance workers across its U.S. stores and plans to outsource the positions.

"We are moving to third-party assemblers and facility services to allow Lowe's store associates to spend more time on the sales floor serving customers," the company said Aug. 1 in a statement to S&P Global Market Intelligence.

Lowe's declined to disclose the exact number of associates who will be laid off, but the company said affected workers will be provided with transition pay and can apply for other positions within the company.

As of Feb. 1, Lowe's operated 1,723 home improvement stores across the U.S. The company also employed approximately 190,000 full-time workers and 110,000 part-time workers, as of Feb. 1.