Do & Co implementing restructuring measures, new business models to weather COVID-19 impacts

Do & Co reported (15-Jun-2020) it is implementing extensive measures to reduce personnel costs in light of COVID-19. These measures include an immediate recruitment freeze, suspension of subcontracted labour, reduced working hours, layoffs and reduced investment plans, among other measures. As a result, the longterm positioning of all significant business divisions of the company will be reviewed to focus on efficient production processes. It will also focus on the development of new business models, such as the launch of new food delivery and gourmet shop concepts as well as adapting the management of major events to the current health conditions in its airline catering distribution segment. This will assist in improving the capacity of its global gourmet kitchens and create new channels of distribution with a higher share of B to C business transactions. [more - original PR]