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Grab Execs takes 20% pay cut to uphold COVID-19 crisis

Grab announced that they are implementing a relief initiative to commercially support its drivers, delivery partners, and merchant partners.

With the outbreak of the deadly coronavirus disease 2019 (COVID-19), more and more companies are making a move to support the fight against the COVID-19. One of which is the leading ride-hailing services company Grab.

According to a statement, Grab executives and leaders are willing to take a 20% pay cut to aid the businesses and its partners to deal with the negative impact brought by the pandemic.

“The COVID-19 pandemic and ensuing measures to curb its spread has had a severe impact on businesses worldwide,” said a statement released by Grab. “To respond to the crisis, Senior Grab leaders will take a pay cut of to 20 percent to help the business and its partners ride out the impact of the pandemic,” the statement added.

Anthony Tan, CEO and co-founder of Grab said, “The COVID-19 pandemic has caused immense financial anxiety amongst our driver-, delivery-, and merchant-partner community.” We want to do our part to support our partners. Thus, we have expanded our Partner Relief Initiatives to aid partners most directly impacted by this crisis.”

To date, Grab, together with its employees, communities and corporate partners, has already raised a P14 million worth of relief goods. The said Partner Relief Initiatives will be voluntarily given by Grab employees themselves to over 40,000 driver-partners who are affected by the pandemic.

Additionally, the ride-hailing firm has also donated 30,000 face masks and almost 20,000 bottles of rubbing alcohol to its driver-partners. 

Furthermore, Grab also announced its plan on expanding its GrabMart service in the next two weeks. Grab said that the service will be available in the Philippines, Myanmar, and Cambodia. Meanwhile, its GrabAssistant service will also be expanding and will be available in more cities and countries including the Philippines, Indonesia, and Thailand.

“Users can browse GrabMart to purchase essential items from grocery stores, convenience stores and pharmacies without leaving their homes,” said Grab.

Tan added, “we need to band together as a society – business, leaders, citizens – to combat the worst effect of this pandemic. Even as our mettle is tested, let us continue to care for each other so we can all emerge from this stronger.”

Brian Cu, President of Grab Philippines also commented on the COVID-19 crisis saying, “For us at Grab, the last few weeks have been a testament to our innate ability to innovate for all and to use our platform to help our community endure this period of uncertainty and disruption. We hope that now more than ever, other players will help carry out this vision of Bayanihan while preventing the spread of COVID-19.”

Grab Philippines has committed to donating 10,000 face masks to the Department of Health (DOH) and additional face masks to other local government units.