Following the
The following measures have been put in place:
Support Measures for Employees, Partners and Customers
- Prioritizing the health and safety of our employees and guests by applying the highest standards of hygiene and sanitation.
- Starting on
April 6 , the equivalent of one meal per week will be offered to employees that were laid-off temporarily. - Providing a telephone number and email address to employees who may have questions in relation to COVID-19.
- Faster processing of payroll and statements of employment for temporarily laid-off employees.
- Royalty breaks to the 11 franchisees for an indefinite period.
- Continuous communications on the progress of the situation in all establishments, to employees and customers on various platforms.
- Revised prices for delivery and takeout orders.
- Maintaining delivery and takeout activities in certain restaurants on a voluntary basis.
Measures to Safeguard the
- Voluntary waiver of the President's remuneration for the duration of the crisis.
- Significant reduction in the salaries of senior executives, members of the management committee and restaurant management teams.
- Suspension of the directors' remuneration.
- Cash preservation with tight management of working capital and nonessential expenses.
- Suspension of investment projects in the restaurant network for the duration of the crisis.
New Ready-to-Eat Offering, "La Cage chez vous"
In addition to maintaining its home delivery and takeout operations, the Company is working in collaboration with several local partners on a new range of ready-to-eat meals. Many partners answered the call. This new offering will be prepared in part in the central kitchen which is held in partnership by
"Our solidarity, resilience and ability to innovate and reinvent ourselves has always been the hallmark of our group. It is precisely on this strength that we will rely to continue serving our customers and supporting our local food ecosystem. To this end, we are currently working with local partners and restaurateurs to offer comforting ready-to-eat meals, which will be added to our delivery and take-out services. Safely providing comfort and pleasure remains our priority in these tumultuous times," said Jean Bédard, President and Chief Executive Officer of
Profile
Disclaimer
This press release contains forward-looking statements relating to the Company. Statements based on management's current expectations contain known and unknown inherent risks and uncertainties. Actual results may vary from expectations. The reader is cautioned not to place undue reliance on forward-looking information. The Company does not undertake any obligation to update or revise any forward-looking statements as a result of new information, future events and other changes, except if required by applicable laws.
Neither
SOURCE
© Canada Newswire, source