L’Oréal Extends its Sweeping Solidarity Plan

PARIS — L’Oréal has fortified its solidarity program in France in the midst of the coronavirus pandemic.
The world’s largest beauty company said it will keep its full employee count in France, put no one on partial unemployment or defer charges, plus maintain its medical equipment orders.
“In this extraordinarily difficult period, we consider it our duty as a responsible employer and as a French citizen company to do everything to guarantee the health and financial serenity of our employees without weighing on public accounts, so that the state can prioritize helping those companies that are most in need,” Jean-Paul Agon, chairman and chief executive officer of L’Oréal, said in a statement on Monday.
“We are also happy to make available all the means that our group has, in France as in China, to support the authorities in the supply of medical equipment that can save lives,” he added.
Specifically, L’Oréal said that in France it will maintain all of the group’s jobs and won’t resort to partial unemployment through the end of June despite the partial or entire stoppage of activity of several categories of personnel in numerous domains, such as sales forces and in-store animation, and drops in orders that impacts factories and shipping centers.
The group has also committed, since the period of confinement in France began on March 17, to paying 100 percent of all its employees in France on fixed compensation. That counts 13,400 people, including more than 3,000 who are currently without an active role to fill.
L’Oréal is also committed to not carrying over any social or tax charges during this period.
L’Oréal said it has mobilized and made available to French authorities its operational infrastructures in France and in China to order medical supplies in large quantities, including several hundred respirators and tens of millions of masks, which will be routed to France according to the French government’s instructions.
On March 18, L’Oréal made public its solidarity plan in view of the COVID-19 crisis. It involves distributing vast quantities of hand sanitizer; helping suppliers of small and medium-sized companies, which are facing the economic fallout from the COVID-19 pandemic, and supporting organizations that aid the disadvantaged.
L’Oréal, which in 2019 registered sales of 29.87 billion euros, has 88,000 employees worldwide.
See Also:
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