Please ensure Javascript is enabled for purposes of website accessibility

Amazon, Kroger, PepsiCo Taking on Displaced Food Service Workers

By Daniel B. Kline – Apr 3, 2020 at 10:33AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Companies are working together to find jobs for people who need them.

Millions of workers have been at least temporarily displaced from their jobs due to the coronavirus pandemic. Some companies, however, continue to hire, and partnerships have emerged to match furloughed or laid-off workers with companies that need quality people fast.

Sodexo, a company that manages food service venues, employs 160,000 people at 13,500 sites in all 50 U.S. states and Canada. Some of those workers remain on the job or have been put into alternate positions by the company. Others, however, can't be accommodated. So the company has reached out to its partners for help.

A worker in an Amazon warehouse.

Amazon needs more workers for its warehouses. Image source: Amazon.

Placing good workers fast

Sodexo has made a deal for its workers to be placed in open positions at some of its vendor and partner companies, including Amazon.com (AMZN -1.96%), Kroger (KR -0.39%), and PepsiCo (PEP -0.01%).

"A new workforce resource center for displaced Sodexo employees launched this week providing access to more than 300,000 job opportunities across 33 vendor and partner companies," the food service company said in a press release. "Some of those companies are expediting hiring because they know the quality of a Sodexo employee."

A great deal

While the $2 trillion stimulus package contains enhanced unemployment benefits, some eligible people may want to keep working. Company partnerships like this allow that to happen and make it happen faster by removing at least part of the interview process. That will allow needed workers to be onboarded faster so they can get to work in these crucial jobs.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Daniel B. Kline has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Amazon.com, Inc. Stock Quote
Amazon.com, Inc.
AMZN
$117.94 (-1.96%) $-2.36
Pepsico, Inc. Stock Quote
Pepsico, Inc.
PEP
$162.78 (-0.01%) $0.03
Kroger Stock Quote
Kroger
KR
$43.55 (-0.39%) $0.17

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
338%
 
S&P 500 Returns
108%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/07/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.