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Yum Brands said it will continue to pay employees who are unable to work due to the coronavirus outbreak and give franchisees in good standing access to capital and defer required spending on remodels until the end of the year.
In its latest response to the pandemic, the parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill announced Wednesday that it's launching a medical relief fund for employees as well as a support team to help franchisees get through the crisis.
"Our employees – like millions of others – are worried and our franchisees are under stress," Yum! Brands CEO David Gibbs said in a statement Wednesday. "We need to support them so they can be there for our customers. As the situation changes rapidly, KFC, Pizza Hut, Taco Bell and The Habit Burger Grill will keep finding ways to help."
The medical relief fund is slated to provide financial support restaurant employees who are diagnosed with COVID-19 or who are caring for someone who is infected. This applies to all its company and franchise-owned restaurants.