Liberty Global Announces Creation of $4 Million COVID-19 Employee Assistance Fund
April 09 2020 - 1:00AM
Business Wire
$2 Million to be Donated by Senior Executives and Board of
Company, Including $1 Million by CEO Mike Fries
Additional $2 Million to be Contributed by Company
Funds will be Available to Employees Experiencing COVID-19
Challenges Across Eight Countries
Liberty Global, one of the world’s leading converged video,
broadband and communications companies operating across Europe,
announced today the formation of a new Liberty Global Response Fund
intended to help employees and their families who have been
significantly affected by the COVID-19 crisis.
The program will be funded initially by Liberty’s executive
leadership team and board of directors who will donate $2 million
out of their remaining 2020 salaries and director fees. This amount
includes $1 million from CEO Mike Fries.
Liberty Global has also agreed to match all donations to the
fund, which will bring the total amount available to employees to
$4 million. All 27,000 Liberty Global employees will be eligible to
confidentially apply for assistance via an online portal.
Mike Fries, CEO of Liberty Global explained, “At Liberty Global,
we are a family first. On a day-to-day basis we are doing
everything we can to protect the safety and well being of our
employees, but sometimes that is not enough. Those with elderly
parents, partners out of work, or other challenges need additional
help to get through this crisis. We want them to know that we are
here for them in their time of need. I am hopeful that the Liberty
Global Response Fund continues to grow in size and will serve as a
model for future support inside our company.”
Alongside the launch of the fund, Liberty Global’s operating
companies continue to deliver critical broadband, voice and
television services across Europe, and are investing in their own
communities with both infrastructure expansion and a multitude of
support programs, including:
Virgin Media
- Offering unlimited minutes and a 10GB data boost to mobile
customers in the UK at no extra cost
- Providing enhanced connectivity to critical public services
such as NHS hospitals
- Delivering extra TV channels for free, including kids, drama
and documentary programming, to help households stay
entertained
Telenet
- Working with care homes in Belgium to connect elderly people in
with their families through robotic virtual communication
tools
- Providing its TV product Yelo TV to over 1,000 hospitals,
nursing homes and other care institutions free of charge, plus WiFi
vouchers to underprivileged students
- Donating laptops to school children from disadvantaged
communities
- Offering double data to mobile customers until the end of the
lockdown period in Belgium
Virgin Media Ireland
- Providing free public WiFi hotspots in communities across
Ireland
- Offering free anti cyber-attack technology to hospitals
UPC Switzerland
- Providing free speed upgrades to 100 Mbps to all customers
- Upgrading all B2B customers to its top broadband package and
providing security packages for free
UPC Poland
- Launching programs to provide free broadband for teachers
- Running free coding lessons for children
UPC Slovakia
- Upgrading all customers to 150 Mbps, at no extra cost
VodafoneZiggo
- Launching a special telephone helpdesk for the elderly
- Helping educational institutions with remote teaching
- Introduced new online portal for businesses and their employees
working from home
The executive leadership team initially contributing to the fund
consists of 15 senior executives working at its central offices and
operating companies in the US, UK, Ireland, The Netherlands,
Switzerland, Belgium and Eastern Europe.
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is one of the
world’s leading converged video, broadband and communications
companies, with operations in 6 European countries under the
consumer brands Virgin Media, Telenet and UPC. We invest in the
infrastructure and digital platforms that empower our customers to
make the most of the digital revolution.
Our substantial scale and commitment to innovation enable us to
develop market-leading products delivered through next-generation
networks that connect 11 million customers subscribing to 25
million TV, broadband internet and telephony services. We also
serve 6 million mobile subscribers and offer WiFi service through
millions of access points across our footprint.
In addition, Liberty Global owns 50% of VodafoneZiggo, a joint
venture in the Netherlands with 4 million customers subscribing to
10 million fixed-line and 5 million mobile services, as well as
significant investments in ITV, All3Media, ITI Neovision,
LionsGate, the Formula E racing series and several regional sports
networks.
For more information, please visit www.libertyglobal.com.
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