Lowe's offering voluntary buyouts to some workers as part of overall cost-reduction strategy; company says it hopes to get enough voluntary buyouts to reduce the need for 'possible involuntary reductions'
February 14, 2012
– Lowe's Cos.is offering buyouts to employees to reduce costs, Dow Jones Newswires reported Feb. 14.
The buyouts, which are voluntary, will be offered to mostly workers in the company's corporate offices.
The company said it hoped it would get enough voluntary buyouts to reduce the need for "possible involuntary reductions" but said layoffs could be implemented to achieve cost-cutting objectives.
buyouts mostly to workers in its corporate offices as part of a larger cost-reduction strategy.
The company did not say how many employees would be offered buyouts.
The primary source of this article is Dow Jones Newswires, New York, New York, on Feb. 14, 2012.