Lowe's announces 525 layoffs; including 430 in Mooresville

Lowe’s Companies Inc. announced Tuesday they will be laying off approximately 430 corporate office positions in Mooresville, about 70 support positions in Wilkesboro and approximately 25 corporate support positions in other facilities.

Officials said the decision is a direct result of the company focusing on creating a more ‘agile and efficient’ operating structure for corporate-based positions that will enable them to be more responsive to customers’ evolving needs.

"Well you never want to lose jobs but we're a close knit community, and we take care of each other so I think we'll be able to bounce back from it," Dennis Stokes said, a resident. 

Bob Edmiston owns a local pawn and gun shop in the area. He said a lot of Lowe's employees are his customers. 

"Well, I hate to hear that. I hate to see us lose business. Anytime you have a layoff or termination that hurts the economy," Edmiston said. 

In total, with the staffing changes announced this year, Lowe’s Companies Inc. said their employment presence in North Carolina will remain consistent. 

“We have provided all affected employees with a competitive separation offering, including severance, outplacement resources and other benefits to help provide a smooth transition to their next employment opportunity. Impacted employees can also apply for any open roles across the company. These difficult decisions are necessary to successfully transform Lowe’s as we adapt to the dramatic changes that are reshaping the retail landscape,” Lowe’s Companies Inc. said in a written statement, released on Tuesday.

As they look to the future, Lowe’s said they will continue to evaluate where they need resources to support their strategic objectives.

Statement from Mooresville Mayor Miles Atkins: 

"I have spoken with Lowe’s about today’s announcement and am confident the company remains committed to being a long-time corporate partner providing jobs in Mooresville, Iredell County and across the state. It is my understanding the company is adjusting their staffing model but plan to continue employing nearly 4,000 people in their Mooresville headquarters. I know the Town of Mooresville, Iredell County, our local Economic Development Commission, Chamber of Commerce and other community organizations will assist those affected by today’s layoffs in any way possible."

FOX 46 Charlotte’s Jenyne Donaldson will have more on this story tonight starting at 6 p.m.