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Marvin Ellison

Business
COVID-19: Lowe's Giving Workers Pay Raises, Rearranges Stores For Social Distancing COVID-19: Lowe's Giving Workers Pay Raises, Rearranges Stores For Social Distancing
Covid-19: Lowe's Giving Workers Pay Raises, Rearranges Stores For Social Distancing In response to the novel coronavirus (COVID-19) pandemic, and in an effort to retain employees and make sure they are safe, Lowe’s has announced it will raise hourly wages while implementing several safety measures. The salary increase, of $2 per hour, which runs through the month of April, is for all employees including seasonal and part-time workers, said Marvin Ellison, Lowe’s president and CEO. “We are continually working on ways to protect and support our associates and our customers during this time when we are all adjusting how we work and live,” said Ellison. In addition, the store…

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by Kathy Reakes
Business
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties
Lowe's To Lay Off Thousands Of Employees, Outsource Some Positions To Third Parties Thousands of Lowe’s employees will soon be out of a job as the home improvement retail giant reshuffles positions. Lowe’s announced that it is planning to outsource the jobs of maintenance and assembly workers to third-party companies, including workers that put together certain items such as grills and wheelbarrows. The news of layoffs was first reported by the Wall Street Journal. It is unclear exactly how many employees are being laid off, but it is expected to be in the thousands. The company currently employs approximately 300,000 people in 1,725 stores nationwide. The layoffs come a…

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by Zak Failla
Business
Route 1 Lowe's Store To Close Amid Restructuring Route 1 Lowe's Store To Close Amid Restructuring
Route 1 Lowe's Store To Close Amid Restructuring An area Lowe’s location will be shutting down as the company announced that it will be shuttering the doors of 51 stores in the United States and Canada. On Monday, Lowe’s announced that it would be closing dozens of underperforming stores as part of a “strategic reassessment,” including the location on Route 1 (Boston Post Road) in Orange. The company has cited difficulties in dealing with online competition as a reason for refocusing their retail plan. "The store closures are a necessary step in our strategic reassessment as we focus on building a stronger business," said CEO Marvin Ellis…

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by Zak Failla