Global corporate giants limit China travel in response to coronavirus
Almaty. January 30. KazTAG - Multinational companies such as JPMorgan Chase JPM -0.15% & Co., Apple Inc. AAPL 2.09% and Kraft Heinz Co. KHC -1.69% are suspending business trips to China amid concerns about the outbreak of the fast-spreading coronavirus, reports The Wall Street Journal.
JPMorgan JPM -0.15% this week banned employee travel to and from mainland China and imposed a two-week, work-from-home quarantine on anyone who had been to the country in recent weeks. HSBC Holdings PLC, which has also suspended employee travel to mainland China, extended that ban to Hong Kong for the next two weeks.
PricewaterhouseCoopers LLP canceled employee and partner travel to mainland China, Hong Kong and Taiwan for staff in the U.S. and Mexico. Personnel in the U.S. and Mexico who have returned from China within the past two weeks are being asked to work remotely for three weeks as a precaution. Globally, workers at the accounting firm have been advised to defer travel to China’s Hubei province and nonessential travel to other areas in China, Hong Kong and Macau until further notice, a spokesman said.
Ford Motor Co., chemicals giant Covestro AG , Hershey Co., Danish drugmaker Norvo Nordisk A/S and Kraft Heinz are also barring their employees globally from traveling to and from China. “This will help reduce the unnecessary risk of virus exposure or transmission and is the most prudent measure to take while we continue to closely monitor the situation in China,” said Kraft Heinz spokesman Michael Mullen.
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