The Mooresville-based retailer plans to spread the cuts across many of its 1,725 locations, Bloomberg reported. Spokeswoman Chris Ahearn said Tuesday that the company redefined hundreds of middle-management jobs and will eliminate those between assistant store manager and store manager on Saturday. Lowe’s will open about 25 stores this year, as planned, having already committed to the sites.
Although management needs to recognize that simply increasing employees hours and burning out workers will not replace the employees lost over the past year. Home improvement projects for the purpose of repair include electrical fix-ups and plumbing, roof replacement, and structural repairs due to water damages or natural disasters.
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At the height of the housing bubble in 2005, the economy added 212,000 jobs a month. Unfortunately, the store staffing model will result in the reduction of approximately 1-2 assistant store manager positions per store. At the height of the internet bubble with a nonsensical Y2K scare on top of that, the economy managed to gain 264,000 jobs a month.
Contractors in home improvement are great when looking to get huge modifications done. The company actively practices total quality management, a philosophy that stresses three principles including customer satisfaction, employee involvement, and continuous improvement.