News

Dominican Republic: Between 30 and 35% of restaurants have gone bankrupt after COVID- 19

The president of the Dominican Restaurant Association (Aderes), Rafael Cabrera, revealed that between 30 and 35% of restaurants will fail due to their total closure due to the COVID-19 pandemic and said the number of jobs that segment of the sector will be lost.
“It is a very difficult situation and I don’t want to disappoint the employees very much, because afterwards they make me bitter. And restaurants work as a family, “he said, while highlighting the importance of this human capital that is formed and appreciated by companies.

He stressed that the members of Aderes are mostly in Santo Domingo, Santiago and Punta Cana and generate more than 15 thousand direct jobs and involves a wide value chain that includes all the sectors that supply them and that have also been paralyzed.

He said that COVID-19 has been disastrous for the sector because it had been growing and taking possession locally and internationally and the pandemic has brought it to a complete standstill.

He explained that all the members of the association have their employees in the Employee Solidarity Assistance Fund (FASE) program and most of them are totally unemployed.

He indicated that restaurants need to continue the PHASE and low-rate, long-term financing to pay, since new investments and inventory restoration are required.

He said that the incorporation of employees to work will be done in stages, as demand increases. He said that they expect it to be 30% of its capacity in principle and that this figure will increase over time.

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s