SYSCO AND THE KROGER CO. JOIN FORCES TO MEET CRITICAL FOOD SUPPLY NEEDS AND KEEP ASSOCIATES WORKING
March 27 2020 - 4:15PM
Sysco Corporation (NYSE:SYY) today announced that it has entered
into an agreement with The Kroger Co. (NYSE: KR) to provide
temporary work opportunities for Sysco associates at certain Kroger
distribution centers.
Under this agreement, Sysco associates in the United States who
have been temporarily furloughed due to the dramatic decline in
foodservice demand from the impact of the COVID-19 pandemic, will
have the opportunity to work at Kroger locations for 30 days, or
more, as agreed upon by both companies.
“During these unprecedented times, we are pleased to partner
with Kroger, as both of our companies work to respond in an agile
manner to meet the rapidly evolving needs of our associates and our
communities,” said Kevin Hourican, president and chief executive
officer of Sysco. “This agreement will benefit many of Sysco’s
associates by creating good work opportunities with a respected
company, while at the same time helping to alleviate strain in the
food supply chain due to a surge in demand at retail stores.”
Associates who take advantage of this opportunity will remain
employees of Sysco during the period of time they work at Kroger,
with Sysco being responsible for providing the agreed upon
compensation, as well as any other benefits associates typically
receive.
About SyscoSysco is the global leader in
selling, marketing and distributing food products to restaurants,
healthcare and educational facilities, lodging establishments and
other customers who prepare meals away from home. Its family of
products also includes equipment and supplies for the foodservice
and hospitality industries. With more than 69,000 associates, the
company operates more than 320 distribution facilities worldwide
and serves more than 650,000 customer locations. For fiscal 2019
that ended June 29, 2019, the company generated sales of more
than $60 billion. Information about our CSR program, including
Sysco’s 2019 Corporate Social Responsibility Report, can be found
at www.sysco.com/csr2019report.
For more information, visit www.sysco.com or connect with Sysco
on Facebook at www.facebook.com/SyscoCorporation or Twitter
at https://twitter.com/Sysco. For important news and
information regarding Sysco, visit the Investor Relations section
of the company's Internet home page
at http://investors.sysco.com/, which Sysco plans to use as a
primary channel for publishing key information to its investors,
some of which may contain material and previously non-public
information. Investors should also follow us
at www.twitter.com/SyscoStock and download the Sysco IR App,
available on the iTunes App Store and the Google
Play Market. In addition, investors should continue to review our
news releases and filings with the Securities and Exchange
Commission. It is possible that the information we disclose through
any of these channels of distribution could be deemed to be
material information.
For more information contact:
Shannon MutschlerMedia ContactMutschler.Shannon@corp.sysco.comT
281-584-4059
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