Salling Group is allocating half a billion Danish kroner (about 67 million euros) this week for small and medium-sized suppliers of supermarket chains Netto, føtex and Bilka. In doing so, the company discontinues the credit period of approved invoices, so that the Danish suppliers receive their money immediately. Salling Group hopes that this helps Danish companies, so that they can get better through the current crisis.
Per Bank, CEO of Salling Group: “We are well aware that it is a modest amount in comparison to the national aid packages. Our initiative contributes to improve the turnover of small companies and it is our contribution to the goal of retaining as many jobs as possible in Denmark during the corona crisis.”
The contribution applies to delivery of products and of services. The services that Salling Group internally uses, concern production at the bakery and butcher's departments or are in connection with cleaning or repairing of buildings.
Per Bank: “We see fantastic solutions at many of the family businesses and local producers that Salling Group cooperates with. We would like to safeguard the ambition to develop new products and the diversity that exists in Denmark, also with an eye on the future.”
Source: Via ritzau