Nestlé India: Nestlé increases financial and medical assistance to its employees

provide families of employees who have died due to Covid a two-year base salary as well as pension, bonus and other applicable statutory benefits, and support children’s education and cover critical hospital expenses for affected families, company general manager Suresh Narayanan said.

Among other support programs, India’s largest packaged food company, which manufactures Nescafé, Maggi and KitKat, has collaborated with

for isolation rooms for employees, and with International SOS for Covid-19 medical support.

“We have stepped up medical, financial and welfare support for our people. We recognize the urgent need for emotional, educational and physical support at this time, ”said Narayanan.

Nestlé has launched employee loan programs to financially support its workforce, has partnered with virtual preschools for employees’ children, and offers nutritional counseling to employees, he said. The company said it is also installing oxygen factories at five hospitals near its factories in Punjab, HP, Uttarakhand, Karnataka and Goa, in addition to facilitating oxygen concentrators for employees and their families.

For the first quarter ended March 2021, Nestlé reported 10.2% year-over-year domestic sales growth and aggregate sales of Rs.3,600 crore, and reported operational volatility and headwinds in commodities and packaging materials due to the ongoing pandemic.

The company, which follows a January-December fiscal year, saw double-digit growth for its flagship brands, Maggi instant noodles, Nescafe Classic coffee, Milkmaid condensed milk and KitKat chocolate.