Union Co-op budgets Dh14m to help out suppliers hit by pandemic

Dubai: The hypermarket operator, Union Coop, has budgeted Dh14.68 million to support its suppliers through the COVID-19 crisis.

“Union Coop launched an initiative under the directives of the Board of Directors to support the national economy, to ensure business continuity and contribute to curbing the negative damage caused by the Corona pandemic,” said Khalid Humaid Bin Diban Al Falasi, CEO.

The retailer had earlier allocated Dh17 million to support preventive measures and initiatives with government agencies to confront the pandemic.

“We are aware of the size of the current challenges posed by the coronavirus and its negative effects on all sectors,” the CEO added.

Union Coop has formed a working group to study the current situation of suppliers in its outlets to provide the appropriate support for them and ensure the continuity of their businesses and mitigate losses suffered.