Saks Inc's Associate Support Hotline for Fifth Avenue associates
09 Sep '05
3 min read
- Offer temporary or permanent transfers for all affected associates, including relocation assistance. Possible transfer opportunities include other Saks Fifth Avenue locations, Off 5th stores, Parisian stores, or the Saks Incorporated operations center in Jackson, Mississippi. The Company's goal is to place every associate in another position within the Company.
- Cover emergency transportation costs to connect associates with their families.
- Suspend minimum payments, finance charges, and late fees on all Saks Incorporated associate charge card accounts for a period of six months, from September 2, 2005 to February 28, 2006.
- Continue to man the Support Center Hotline 24 hours a day, seven days a week.
Several of the Company's associates from its Parisian, Off 5th, and other Club Libby Lu stores along the Gulf Coast also were affected. Martin noted, "I can report that they believe all of these associates have been accounted for and are safe, although several reported extensive property damage."
Affected associates may apply for assistance from the Company's existing Saks Incorporated Disaster Associate Relief Fund, which was established to provide financial help to associates in such times of crisis. The Company's 40,000 associates from around the country are being given an opportunity to directly assist their fellow associates affected by this tragedy through payroll deductions and donations. In addition to the millions of dollars of support that Saks will provide for its associates as previously outlined, the Company will also make a major financial commitment to the Associate Relief Fund.
marketing@alchempro.com
