VGM addresses impact of coronavirus pandemic

Wednesday, April 8, 2020

WATERLOO, Iowa – The economic impact of the coronavirus pandemic has led the VGM Group to eliminate 68 full-time employees. The adjustments impacted all of VGM’s 12 locations nationwide and each division of the employee owned company. VGM has also offered 17 full-time employees transfers within the company, extended furloughs or accelerated retirement. Additionally, 15 part-time employees were impacted. “The COVID-19 pandemic has caused a very challenging time for our employees, customers and communities we serve and has caused us to make some very difficult decisions about our workforce,” said CEO Mike Mallaro. “Although this is very difficult for everyone in the VGM family, these actions are necessary.” Additionally, VGM says 98% of the company’s employees who work in office-related roles have converted to working from home. The remaining employees work in one of three warehouses in Waterloo, Nashville, Tenn., or Phoenix. The company in February formed a Pandemic Response Task Force to keep employees safe and informed. The task force has enacted a number of procedures and policies, including the option to work from home, shift separations, and increased cleaning and sanitizing of common areas. “During this unpredictable crisis, significant adjustments were implemented to protect the physical health and safety of our employee-owners and immediate actions were taken to allow us to continue to serve our customers across the country,” Mallaro said. “Our task force continues to monitor this ever-changing situation.”