Philip Morris International Confirms Commitment to Its Employees During Pandemic
April 09 2020 - 5:33AM
Business Wire
Company Establishes Guiding Principles for Its
People
Philip Morris International Inc. (PMI) (NYSE: PM) today
announced the establishment of a set of important guiding
principles that outline the company’s strong commitment to its
employees’ job security and peace of mind, throughout the global
pandemic period. These principles encompass three key areas:
employment stability, financial stability and special recognition
awards.
“PMI will continue to contribute to the global response to this
pandemic in every way we can. First and foremost, we will continue
to support our employees and their families, and protect their
safety and health. Nothing matters more,” said André
Calantzopoulos, Chief Executive Officer, PMI. “Thanks to our
employees across the world, working in factories, in the field,
offices, laboratories or remotely at home, our business continues
to operate as normally as possible under these unprecedented
circumstances.”
These guiding principles became effective as of March 16,
2020—when PMI directed most office-based employees to work from
home—and will remain until the company determines that the crisis
has passed or has sufficiently subsided.
- Employment stability. The company will not terminate the
employment of any PMI employee during this crisis period, unless
for cause, and the company has also put on hold any restructuring
plans.
- Financial stability. PMI will continue to provide
regular compensation to all PMI employees, irrespective of their
ability to perform fully their professional duties during this
period.
- Special recognition awards. PMI employees who need to be
physically present at their usual work locations (in factories, in
warehouses, in the field, or in offices), as and where permitted by
local regulations, will be given special recognition awards during
this crisis period. Obviously, PMI will continue taking all
necessary safety measures to protect those employees who are
working at such locations.
“Our company is resilient and strong, and that is a testament to
our more than 73,000 employees worldwide,” said Charles Bendotti,
Senior Vice President of People & Culture, PMI. “I believe we
will emerge even stronger from this global crisis, having pulled
together and worked together to see each other through.”
PMI’s commitment to its employees is an integral part of the
company’s broader support for communities impacted by the COVID-19
crisis across the world.
PMI has been actively working against this pandemic since its
outbreak, with ongoing and planned initiatives in more than 60
countries in which its employees live and work. These initiatives
involve monetary and in-kind donations, as well as volunteer work
by teams to support national and local efforts to combat the virus
and help those most affected by it. The company’s activities
include providing protective equipment to trade partners, support
to care communities, procurement support to purchase items
essential to the fight against COVID-19, and financial support to
institutions and NGOs working to end this crisis. In addition, PMI
employees in many countries are volunteering to help elderly,
low-income, and other vulnerable populations, and some of its
factories are producing hand sanitizer and masks for local
communities.
To date, PMI has pledged in excess of USD 24 million to support
actions against the pandemic. Its support will continue to grow as
PMI works to meet the evolving needs of the communities in which it
operates.
Philip Morris International: Delivering a Smoke-Free
Future
Philip Morris International (PMI) is leading a transformation in
the tobacco industry to create a smoke-free future and ultimately
replace cigarettes with smoke-free products to the benefit of
adults who would otherwise continue to smoke, society, the company,
and its shareholders. PMI is a leading international tobacco
company engaged in the manufacture and sale of cigarettes, as well
as smoke-free products and associated electronic devices and
accessories, and other nicotine-containing products in markets
outside the United States. In addition, PMI ships a version of its
IQOS Platform 1 device and its consumables authorized by the U.S.
Food and Drug Administration to Altria Group, Inc. for sale in the
United States under license. PMI is building a future on a new
category of smoke-free products that, while not risk-free, are a
much better choice than continuing to smoke. Through
multidisciplinary capabilities in product development,
state-of-the-art facilities, and scientific substantiation, PMI
aims to ensure that its smoke-free products meet adult consumer
preferences and rigorous regulatory requirements. PMI’s smoke-free
IQOS product portfolio includes heat-not-burn and
nicotine-containing vapor products. As of December 31, 2019, PMI
estimates that approximately 9.7 million adult smokers around the
world have already stopped smoking and switched to PMI’s
heat-not-burn product, available for sale in 52 markets in key
cities or nationwide under the IQOS brand. For more information,
please visit www.pmi.com and www.pmiscience.com.
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David Fraser Philip Morris International T. +41 (0)79 843 8603
E. David.Fraser@pmi.com
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