{"id":249110,"date":"2020-05-05T13:03:13","date_gmt":"2020-05-05T17:03:13","guid":{"rendered":"https:\/\/dominicanewsonline.com\/news\/?p=249110"},"modified":"2021-03-14T16:50:05","modified_gmt":"2021-03-14T20:50:05","slug":"business-byte-liberty-latin-america-establishes-covid-19-employee-emergency-assistance-fund","status":"publish","type":"post","link":"https:\/\/dominicanewsonline.com\/news\/homepage\/homepage-carousel\/business-byte-liberty-latin-america-establishes-covid-19-employee-emergency-assistance-fund\/","title":{"rendered":"BUSINESS BYTE: Liberty Latin America establishes COVID-19 Employee Emergency Assistance Fund"},"content":{"rendered":"

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Liberty Latin America Ltd<\/a>. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB)& parent company of Cable & Wireless Communications, today announces that it has established the COVID-19: LLAEmployee Emergency Assistance Fund <\/strong>(\u201cFund\u201d) to provide direct relief to eligible employees and their families who are facing unforeseen financial distress or an emergency hardship as a result of the novel Coronavirus (COVID-19) pandemic. The Fund will be seeded with an initial contribution of more than $300,000 from the Liberty Latin America Board of Directors. Additional funds will be raised through an online giving campaign<\/a>, which also kicks off today.<\/p>\n

President and CEO of Liberty Latin America, Balan Nair, said, \u201cThese are uncertain times, but the way we are seeing our employees come together to support one another and lift each other up is a true testament to the culture we have created across our business. Our employees come first, and this is at the heart of who we are at Liberty Latin America. We want our employees to know that we are here for them and their families throughout this crisis and we will be here long after it\u2019s over.\u201d<\/p>\n

The COVID-19: LLA Employee Emergency Assistance Fund will be administered by the Cable & Wireless Charitable Foundation, Inc.<\/a>, a 501(c)(3)public charity. All full-time employees of Liberty Latin America or any of its subsidiaries will be eligible to confidentially apply for needs-based assistance, while donations made through the online giving campaign may be tax-deductible for U.S.based taxpayers.<\/p>\n

In conjunction with the launch of the Fund, Liberty Latin America has continued to deliver essential connectivity to customers, communities, and countries in the region when they need it most. LLA is more committed than ever to the Caribbean and Latin America and has engaged in a range of initiatives to support local communities during this pandemic. Some specific examples include:<\/p>\n