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American Express Says No Coronavirus-Related Layoffs for Rest of 2020 [TheStreet.com]
Last american express company earnings: 4/24 07:00 am
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US:NYSE Investor Relations: ir.americanexpress.com
American Express(AXPGet ReportThe New York financial-services major said in a statement that it was paying workers who have been diagnosed with the coronavirus or placed into quarantine, who have household members who've been diagnosed, or whose family care arrangements have been affected by the virus. Those staffers need not use paid leave, AmEx said.Workers enrolled in one of the company's U.S. medical plans receive coverage for all out-of-pocket medical- and pharmacy-service costs related to coronavirus testing and treatment.In addition, American Express said it was working to enable small business customers to access the financial support provided under the SBAPaycheck Protection ProgramThe $350 billion PPP is a government-backed loan effort to help small businesses keep workers on the payroll. The money is part of the $2 trillion rescue package Congress passed last week in response to the coronavirus pandemic.American Express said it was extending the amount of time merchants hav
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