Twin Cities Business covered Marvin's continued response to the coronavirus pandemic as the housing market has experienced a rebound. In March and April, orders substantially declined, but the company prioritized not laying off any employees. This was achieved by instilling temporary furloughs to employees, freezing or cutting the pay of salaried employees, and reducing 401k match. As of August 1, however, the company no longer needs to implement these.
During the pandemic, it has become more important to many homeowners to invest in their spaces. “As we cancel vacations and avoid gathering in public spaces, our desire for increased comfort at home—where we now live, play and work—continues to increase as a priority," CEO Paul Marvin said.
Read the full article at www.tcbmag.com.