Over 200 thousand euros raised with the Executive Solidarity Fund were given to over 500 colleagues affected by redundancy measures.

Panariagroup, as part of a broader Corporate Social Responsibility strategy, announced that it has distributed over 200 thousand euros to over 500 blue-collar and white-collar workers who have seen their salaries fall due to recourse to the reduction in work activities during the most critical phases of the Covid-19 emergency. The sum was raised thanks to the Solidarity Fund promoted last May.

All the Executives of the Group’s Italian Business Unit were given the option to donate the 20% of three months’ salary to the colleagues most affected by redundancy measures. The entire amount was distributed to blue-collar and white-collar workers in proportion to the number of hours within the redundancy scheme and paid with the July salary.

The initiative is part of the Group overall CSR strategy which was confirmed even during the crisis generated by the global pandemic. From the outset, Panariagroup implemented specific measures as reported in a dedicated document recently presented together with the Group’s fourth Sustainability Report. (available in the Sustainability section of the panariagroup.it website).

Panariagroup is the only company in the sector to have a certified Sustainability Report prepared in accordance with the most up-to-date international reference standards.