Fastenal Stores & Employee Homes Hit by Katrina
Fastenal Stores & Employee Homes Hit by Katrina
Jason Sandefur
Fastenal lost more than 10 stores during Hurricane Katrina, CEO Will Oberton announced. Oberton said that figure is probably closer to 15, with “extensive damage in many more locations.”
The company has not been able to reach all of its employees due to widespread communication loss in the Gulf Coast region. The company said it is conducting relief operations in the area, “providing vehicles and temporary housing for employees that have lost these essentials.”
“[Fastenal executives] in these areas are assessing the losses of homes and personal belongings our employees have sustained. Some employees have lost everything and will need our help as they begin to establish permanent residences again,” Oberton explained.
Fastenal has set up a relief fund for employees victimized by the hurricane. The company is accepting monetary donations that it intends to match, up to $50,000. Checks payable to “Fastenal Relief Fund” can be mailed to P.O. Box 14, Winona, MN 55987. Funds will be collected through the end of October.
Oberton also said Fastenal will be setting up strategic points near devastated areas for distribution of products to help with the recovery and rebuilding efforts.
For more information contact Reyne Wisecup, vice president of employee development. Tel: 507 453-8112 Web: fastenal.com �2005 FastenerNews.com
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