Thursday 30th April, 2020
Unilever has announced a wide-ranging set of measures to support global and national efforts to tackle the coronavirus (Covid-19) pandemic.
The company’s actions are designed to help protect the lives and livelihoods of its multiple stakeholders – including its consumers and communities, its customers and suppliers, and its workforce.
Unilever the consumer goods manufacturer of brands including Dove, Knorr, Omo and Lifebuoy, will offer €500m of cash flow relief to support livelihoods across its extended value chain, through:
- Early payment for our most vulnerable small and medium sized suppliers, to help them with financial liquidity.
- Extending credit to selected small-scale retail customers whose business relies on Unilever, to help them manage and protect jobs.
Unilever will also contribute €100m to help the fight against the pandemic through donations of soap, sanitiser, bleach and food.
Unilever will protect its workforce from sudden drops in pay, as a result of market disruption or being unable to perform their role, for up to three months. The firm will cover its employees, contractors and others who we manage or who work on our sites, on a full or part-time basis. This will apply to workers not already covered by government plans or by their direct employer.
Alan Jope, CEO Unilever said: “We are deeply saddened by the terrible impact that coronavirus is wreaking on lives and livelihoods everywhere. The world is facing its greatest trial in decades. We have seen the most incredible response from the Unilever team so far, especially those on the front line of our operations in factories, distribution centres and stores.
“We hope that our donation of €100m of soap, sanitiser, bleach and food will make a significant contribution towards protecting people’s lives, and that by helping to safeguard our workers’ incomes and jobs, we are giving some peace of mind during these uncertain times. Our strong cash flow and balance sheet mean that we can, and should, give this additional support.”