Lowe's understood to be cutting c.1% of workforce

CNBC has reported that US home improvement giant, Lowe's, is to cut 'less than 1%' of its workforce.

Lowe's currently employs around 285,000 staff. 

A person familiar with the matter is understood to have told the media outlet that 'as part of the reshuffling, Lowe's is shifting the roles and responsibilities for some of its staff and eliminating some jobs'.

Some roles will be made redundant and new roles will be created, according to the source, who added that the new staffing model will be implemented nationwide.

Lowe's said, "While we have no announcements to share, we continually evaluate our staffing model to ensure we have the resources in place to serve customers' evolving expectations and their home improvement needs."

Source : Insight DIY

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