Lululemon Athletica provides employee support plan

06 Apr '20

2 min read

Pic: Lululemon Athletica

Lululemon Athletica inc, a lifestyle inspired athletic apparel company for yoga, running and training, has announced a range of actions and initiatives to support its employees as Covid-19 continues to impact its business. The company has made the decision to continue pay protection for its employees through June 1, whether stores reopen or remain closed.

The company is committed to supporting its people while continuing to invest in its Power of Three growth strategy.

Understanding the Covid-19 pandemic may continue for the foreseeable future, the company reported that the stores in North America, Europe, Malaysia, Australia, and New Zealand will remain closed until they can safely reopen.

“At lululemon, our people are our top priority. These decisions enable us to support our teams and immediate business priorities, while balancing what is required to plan for the recovery and growth to follow,” Calvin McDonald, chief executive officer, said in a press release. “We’re making the right commitments now as we navigate what’s ahead for the future.”

Further, for the next three months, the company’s senior leadership team will reduce their salaries by 20 per cent, and the board of directors will forgo their cash retainer. Company reported that these funds will go towards the newly-established We Stand Together Fund to help lululemon employees facing Covid-19 related hardships at this time.

Fibre2Fashion News Desk (JL)

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