Yum! Brands Steps Up Coronavirus Relief
March 25 2020 - 1:00PM
Dow Jones News
By Maitane Sardon
Yum! Brands Inc. said Wednesday that it is implementing several
measures to provide relief to its employees, its franchise owners
and the communities where it operates amid the coronavirus
pandemic.
The owner of KFC, Pizza Hut and Taco Bell said it is launching a
medical relief fund to provide financial support for restaurant
employees that work at its stores and its franchise-owned stores.
The fund will cover workers that are diagnosed with Covid-19 or
that need to look after someone that has been diagnosed with the
virus.
In its KFC, Pizza Hut, Taco Bell and the Habit Burger Grill
restaurants in the U.S., Yum! Brands said it will pay employees who
are required to stay at home--or who work at a restaurant that is
closed--for their scheduled hours during their time away from
work.
The company said it will try to help franchise business owners
in the U.S. and elsewhere by allowing grace periods for near-term
payments. In the U.S., Yum! Brands will allow its franchises to
defer capital obligations for remodeling and unit developments
until the end of 2020.
Yum! Brands also said it is collaborating with more than 20 food
banks globally and providing food to front-line health workers.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
March 25, 2020 12:45 ET (16:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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