Lowe’s to retain the services of above 50,000 employees for spring household-enhancement hurry

Lowe’s Cos Inc stated on Thursday it would pay back workers about US$80 million in extra discretionary bonuses and also strategies to seek the services of more than 50,000 staff throughout its U.S. suppliers in the spring.

A watch of the indication outdoors the Lowes shop in Westminster

REUTERS: Lowe’s Cos Inc mentioned on Thursday it plans to retain the services of additional than 50,000 workers throughout its U.S. stores in the spring as the retailer races to satisfy pandemic-fueled demand for dwelling advancement items.

The company also said it would pay out frontline staff about US$80 million in extra discretionary bonuses, having its whole COVID-19 money commitment to personnel and communities to approximately US$1.3 billion.

Demand for household advancement merchandise has surged because the start of the pandemic as householders, with restricted selections for journey or leisure activities, expend a lot more of their discretionary money on insignificant reworking and mend get the job done.

Spring is the busiest time of the calendar year for shops these as Lowe’s and Household Depot Inc as folks capture up on gardening and other house improvement work opportunities right after frigid winter months.

Lowe’s said it has employed more than 90,000 personnel for lasting roles about the past yr.

(Reporting by Uday Sampath in Bengaluru, Editing by Sherry Jacob-Phillips)