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COVID-19: Firms Urged to Protect Employees’ Interest

COVID-19: Firms Urged to Protect Employees’ Interest

Business
Organisations have been advised to strike a delicate balance by ensuring long term interests of employees, alongside other stakeholder groups are taken into consideration, despite the economic damage caused by the COVID-19 pandemic. According to a report, this is the time for firms to demonstrate that they care about the welfare of staff. It pointed out that in the midst of the uncertainty created by the pandemic, some firms have taken the bold decision to publicly declare that no member of staff would be negatively impacted by the prevailing pandemic. It disclosed that one such firm was Philip Morris International that had promised employment security, financial stability and special recognition to its staff. The firm argued that support to staff was an integral part of its e...