What’s more, Marvin takes an old-fashioned, even paternal view of its role here in Warroad, where the Marvin family has run things for just about as long as anyone can remember. The company has cut employees’ pay and reduced perks like tuition reimbursement and 401(k) matching.To further illustrate the company's relationship to the town, the story explains that "Marvin employees get the first Monday of November off for “Deer Monday,” so they can go hunting. ... [O]n the Fourth of July the company hands out two nickels to children in town, as George Marvin did during the Depression."
Susan Marvin, granddaughter of the company's founder and its current President explains the company's decision not to lay off workers:
While it’s challenging for our people right now, and not everybody understands all the reasons why, the alternatives are devastating. These people would have to pick up and leave.Indeed, she notes that some employees have left--some to take jobs in the booming oil fields of North Dakota. Others are working multiple jobs.
But Marvin's actions may not be entirely altruistic. Susan Marvin explains that she sees the company as situating itself to benefit in the long term, by retaining its investment in its employees.
1 comment:
It's good to hear stories about company towns that are still functioning. However, in an ever evolving global economy,being solely dependent on one industry is unfortunately an ill-advised decision. There are some obvious factors that lie outside of the local communities' control, e.g. no business investments or federal subsidies for existing local business. For a business that makes windows and doors for homes, it seems to be riding out the foreclosure explosion with a few hiccups. It sounds like this business is placing more value in their workers than their profits despite that many job perks have been cut. At the very least job security is something this community can promote.
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