Unilever Makes Cash Commitment to Workers, Retailers, and Vendors
Unilever (NYSE: UL) has taken bold steps to take care of not only its workers, but also its vendors and retailers. The company has committed 500 million euros (roughly $580 million) of "cash flow relief to support livelihoods across its extended value chain," according to a press release.
This includes offering early payments to "vulnerable" small and medium-sized suppliers and offering credit to "selected small-scale retail customers whose business relies on Unilever, to help them manage and protect jobs." The company says it will also keep its workers from experiencing any drops in pay "as a result of market disruption or being unable to perform their role, for up to three months."
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Source Fool.com
