$1 million is to be donated by CEO Mike Fries as part of a $4 million fund to help Liberty Global employees during the Coronavirus crisis.
A further $1 million of the Liberty Global Response Fund is being donated by senior executives and the company’s board, who will contribute from their salaries and director fees.
It’s designed to assist Liberty Global employees and their families who may be experiencing hardship as a result of the Covid-19 outbreak.
Liberty Global has also agreed to match all donations to the fund, which will bring the total amount available to employees to $4 million. All 27,000 Liberty Global employees will be eligible to confidentially apply for assistance via an online portal.
Mike Fries, CEO, Liberty Global explained, “At Liberty Global, we are a family first. On a day-to-day basis we are doing everything we can to protect the safety and well being of our employees, but sometimes that is not enough. Those with elderly parents, partners out of work, or other challenges need additional help to get through this crisis. We want them to know that we are here for them in their time of need. I am hopeful that the Liberty Global Response Fund continues to grow in size and will serve as a model for future support inside our company.”
Locally, Liberty Global companies have established a number of customer initiatives during the Coronavirus crisis.
