LAZ Parking Implements Measures In Reaction To Impact Of COVID-19

Establishes Employee Relief Fund to Support Temporarily Furloughed Employees

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Mar 20, 2020, 06:03 ET

HARTFORD, Conn., March 20, 2020 /PRNewswire/ -- Alan Lazowski, Chief Executive Officer of LAZ Parking, underscored his company's commitment Thursday to protecting customers, clients and employees impacted by the evolving threat of COVID-19, or Coronavirus.

In a separate letter, Lazowski assured employees that the LAZ senior leadership response team is monitoring the unfolding situation, tracking developments, and taking all recommended measures to keep everyone safe.

"The health and safety of our customers, clients, and employees across our 3,100 locations and 423 cities is, and always will be, our highest priority," Lazowski said. "As this situation continues to unfold, we will closely monitor and take guidance from the U.S. Centers for Disease Control and Prevention, as well as state and local health officials around the country."

LAZ is also responding to the significant downturn across all aspects of the economy impacting the industries that LAZ serves, including stadiums, entertainment venues, restaurants, office buildings, hotels, airports, and universities. During these unprecedented times LAZ and its dedicated team of leaders throughout the nation are working tirelessly 24/7 to protect as many jobs as they can and the long-term future of the company.

LAZ has also notified its employees that a percentage of its workforce will be temporarily reduced at this time with the intention of being rehired once the crisis subsides and business rebounds.

"It is going to take difficult sacrifices and federal government intervention to bridge the financial gap created by this pandemic and help our nation's workforce receive higher unemployment benefits during this crisis," added Lazowski. "We have been and will continue to be in contact with the highest levels in government in order to advocate for our people, our company and members of the entire parking industry. We are asking that the federal government provide relief to the parking industry and our temporarily reduced workforce and pay as close to 100% of employees' wages during the layoff period. We are optimistic that the federal government will do the right thing."

LAZ' founding partners will not take any pay for at least the next 90 days and have established a $1,000,000 Employee Relief Fund, where furloughed team members can apply for financial grants. There will be no expectation of grant repayment and the money. Since 1981, LAZ has navigated many business challenges in times of extreme volatility. The company wants to assure the public that the Spirit of LAZ, rooted in its "Never Ever Give Up" attitude, has never been stronger!

About LAZ Parking
LAZ Parking founded in Hartford, CT in 1981, is one of the largest and fastest-growing parking companies in the United States, operating over 1.2 million parking spaces across the country in over 3,155 locations in 35 states and 423 cities. With over 38 years of experience providing parking management, transportation and mobility services, LAZ works seamlessly across a variety of market segments, including hospitality and valet, office buildings, medical, airport and transportation, campus, government and municipal, retail, events, residential building and shuttle services. Additional information can be found at www.lazparking.com.

SOURCE LAZ Parking