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Brazilian JBS Continued Hiring and Generated 3,000 Jobs, Even Amid Global Crisis Following the Start of the Coronavirus Pandemic
JBS, the largest meat processor in the world, stated it will maintain investments of 8 billion reais that it announced for the next five years and generated 3,000 jobs amidst the global crisis caused by the new coronavirus. Another good news, Petrobras exported 1.11 million tons of fuel oil and set a new record in May!
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“Not only did we commit to not lay off, but we have also hired another 3,000 people (in recent months),” said the global president of the company, Gilberto Tomazoni, during a series of live interviews Economy in Quarantine, by Estadão.
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The Public Labor Ministry (MPT) requested, on Wednesday (06/03), the closure of the Caxias do Sul unit, due to the high rate of contamination among employees by covid-19.
According to Tomazoni, JBS sought health experts from the beginning of the pandemic to care for the health of its employees.
He stated that JBS adopted additional safety practices. “We hired the Albert Einstein Hospital and the infectious disease specialist Adauto Castelo to help us evaluate our protocols. Our protocols are very similar to those of ICUs. We are adopting all possible measures to support our workers,” said the executive.
JBS Facing the Crisis and Creating Jobs
For the executive, the demand for JBS products has shifted channels. It changed from food service (supply for restaurants) to retail, resulting in lower overall demand. “But this does not change the fundamentals of the business. By 2050, the world will need 70% more animal protein. That will not change,” Tomazoni stated.
Tomazoni claims that the company finished the year with one of the best balance sheets in its history. Currently, JBS has R$ 24 billion in cash. Even without generating cash, the company will not need new money for debts until 2025.
According to him, JBS did not lay off during the crisis and since then, the company generated 3,000 new job openings. “We will maintain investments of R$ 8 billion in Brazil over the next five years and an additional R$ 5 billion from our partners.”
How JBS Has Supported the Fight Against the New Coronavirus
JBS is integrated with local authorities. They donated R$ 400 million to combat the coronavirus, including R$ 330 million for public health systems, R$ 50 million for science and research, and R$ 20 million for NGOs. For the international market, there were an additional R$ 300 million.
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