Peter Romeo

Editor at Large

Articles by
Peter Romeo

Page 146
Workforce

N.C. restaurant workers offered $500 in aid

A new program from the North Carolina Restaurant and Lodging Association is offering the funds for immediate relief based on need and longevity.

Operations

Logan’s parent fires its furloughed employees

The move comes after bankruptcy-court supervisors fired CEO Hazem Ouf and CFO Jim Lebs for paying sales taxes without permission.

Staffs have been furloughed, salaries have been cut, and cash has been pooled.

New research shows the impact has been particularly severe for operators in New York—a possible preview of what’s to come in other areas.

The COVID-19 crisis is as much a test of character as it is of financial resilience. And some parties are clearly failing.

For much of March, the threat of COVID-19 grew as the infection spread. On March 11, that problem became very real for thousands of restaurant operators and millions of employees, beginning a 10-day period unlike anything the industry has ever seen. The business may never be the same.

The relief program has been formed by the National Restaurant Association’s Educational Foundation in collaboration with leading industry suppliers.

The 20-unit multiconcept group is turning its restaurants into pop-up markets where it can sell its supplies at a deep discount to consumers and employees.

The company said it is negotiating with landlords for a break on rent for the duration of the COVID-19 crisis.

Landlords have been alerted by letter that restaurants will stop payments beginning with their April obligations.

Local operators are asking the city and state to end rent collections and provide other forms of assistance.

The largest public assistance measure in American history is an imposing tome of legalese and technical language. Here are the parts with particular relevance for foodservice.

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