Posted 1 year ago on Feb. 11, 2012, 7:57 a.m. EST by nightwindrc
This content is user submitted and not an official statement
As of today, Lowe's Companies will be taking away employee commissions all in the name of more profits. These employees will be forced to take as much as a 33% paycut to remain employed. Lowe's has said, through employee meetings, that they expect 70% of employees will not stay with the company. They will then hire new employees with lower pay. They have already increased profit margins by raising consumer prices by as much as 25% in some product categories. They then justify this by offering a 5% discount if you use their credit card. Just plain greedy.