Business news from Ukraine

Business news from Ukraine

SWISS-BASED NESTLE PROVIDES UKRAINE WITH CHF15 MLN IN HUMANITARIAN, CASH AID SINCE START OF WAR

Swiss-based Nestle, one of the world leaders in the production of food and beverages, has provided Ukraine with CHF15 million ($15.8 million at the current exchange rate) in the form of humanitarian and monetary assistance since the beginning of the military invasion by the aggressor country of the Russian Federation, which included financial assistance and over 40 million servings of food, drinks and nutrients.
The relevant data was made public in the report of the corporation for the first quarter of 2022 on its website on Thursday.
“From the very beginning of the war, Nestle has focused on supporting its employees, their families and the people of Ukraine. Working in partnership with Ukrainian charities, Nestle also organized direct humanitarian deliveries in the war zone,” the report says.
According to its data, the corporation was able to largely maintain operations in western Ukraine, while the work of its plant in Kharkiv was stopped due to heavy shelling of the city by Russian troops. The enterprise was transformed into a distribution center for humanitarian aid for the local population.
The corporation has retained wage payments for its 5,800 Ukrainian employees, and also provides them with advance, lump-sum payments in connection with the relocation.
“Nestle has set up support centers in neighboring countries such as Poland to receive employees and their families who have left Ukraine. For example, part of the company’s factory in Rzeszow (Poland) was converted into housing for refugees,” the corporation said in the report.
As reported, on March 23, the corporation decided to reduce production and sales in the aggressor country of the Russian Federation to essential goods, such as baby or medical food.

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