Frasers Property shuts hospitality assets in Germany and UK, shortens staff hours.
To support its staff's mental well-being during the outbreak, Frasers Property will roll out an employee assistance programme across the group."We do understand that safe distancing can somewhat feel isolating," Mr Sirivadhanabhakdi said on Wednesday.
"Across the cities we operate in, we do see an impact on our overall hospitality business," Mr Sirivadhanabhakdi said. The company is working closely with the hotel and serviced residence operators to mitigate the negative impact, while"taking all possible steps to preserve staff employment", he added.
For tenants in the group's markets, Frasers Property is rolling out relief measures especially to those experiencing an immediate impact from the pandemic, such as from government-enforced closures. Such measures vary across the markets that the group operates in as it partners local authorities.
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