Magid Leadership Has Pitched in Over $100,000 to Help Employees Cover Rising Gas Costs Through Gas Subsidy Program
While gas prices are beginning to decline, Illinois witnessed record-high gas prices averaging over five dollars a gallon this summer. Back in May, the leadership team at Magid, a national PPE manufacturer & distributor, implemented a $50,000 gas subsidy program to help aid employees. After receiving positive feedback and seeing that gas prices had not dropped, the company continued this program and has now pitched in over $100,000.
“The one thing I love about Magid is that when the road gets tough everyone is willing to pitch in to turn things around,” said Greg Cohen, chief executive officer, Magid. “Rising gas prices were a significant challenge for many. So, we wanted to pitch in and do our part to help cover the burden and unexpected costs this put on our team members. Our people make all the difference at Magid and this was one way for us to show our appreciation.
The Magid gas subsidy program offered employees a $1.00 per gallon subsidy from May through September for their commute to Magid and/or to onsite customer visits. There were no requirements to be a part of the gas subsidy program. All employees were automatically enrolled so long as they did not drive an electric vehicle as Magid’s Romeoville headquarters already offers free charging for electronic cars. Currently, Magid employs over 500 people at its Romeoville location.
For more information, visit https://www.magidglove.com.
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