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The Starbucks China Parent Care Program was announced by Howard Schultz, executive chairman, Starbucks Coffee Company, and Belinda Wong, ceo, Starbucks China, at a Starbucks Partner Family Forum in Beijing, the latest in a series of family forums the company has held with its Chinese partners and their families since 2012. Our core purpose and reason for being has always been driven by a set of beliefs steeped in humanity and Im extremely proud to be able to support our Chinese partners and their parents through the Parent Care Program, said Schultz. Supporting critical illnesses for aging parents exemplifies what we believe is our responsibility as a global public company and honors the family values deeply-rooted in the Chinese culture. Addressing a key concern of partners In 2010, the company introduced Starbucks Caring Unites Partners (C.U.P.) Fund in China which provides financial assistance to partners and their families in times of need. An analysis of the C.U.P. Fund requests over the past seven years, as well as conversations with partners revealed that more than 70 percent of Chinese partners are concerned about the health of their parents as they age. Those who are single, making up 80 percent of retail partners in China, are specifically concerned about their financial ability to provide for their parents long-term care should a critical illness occur. Culturally, parents play an important role in the lives and career choices of our Chinese partners and they are a natural extension of our Starbucks family in China. Through this new investment, we are stepping up on our responsibility to help our partners take care of their aging parents by alleviating the financial costs that may arise during a family emergency, added Wong. Starbucks success in China is directly attributed to the passion and dedication of our partners as well as the unwavering support from their family. Redefining health care benefits in China The Starbucks China Parent Care Program is a unique, innovative plan created in collaboration with one of the top insurers in the country to complement the current China Social Medical Insurance Program. The plan leverages Starbucks considerable partner base in China to create a tailored program to alleviate health care and treatment costs associated with a critical illness for its partners. The active participation by the private sector is critical to Chinas efforts to further enhance the social security system to support our aging population.
For the original version including any supplementary images or video, visit http://www.marketwatch.com/story/starbucks-redefines-partner-employee-benefits-with-a-critical-illness-insurance-plan-for-aging-parents-in-china-2017-04-11
Wandsworth, Richmond and Hillingdon councils spent 300,000 from their general funds on legal action. Windsor and Maidenhead Council spent 50,000 from its development fund. The details were obtained using Freedom of Information laws. Council general funds are where money for most council services is drawn, with funds raised from council tax and central government grants. The four councils failed in an attempt to challenge the decision to build the runway at the High Court in January. Contingency budget London Councils, the body that represents London local authorities, says that by 2020 there will be a budget gap of around 2bn in London local government, which council budgets will have to accommodate. Hillingdon Council has set aside a contingency budget of 200,000 for possible future legal action against the third runway, while Wandsworth has budgeted 25,000. The case against the runway brought by the councils was struck out by Mr Justice Cranston in January on the basis that the court had no jurisdiction to hear the claim, but further legal action against the runway may take place. John O'Connell, chief executive of the TaxPayers' Alliance, questioned whether the councils were making the right spending decisions.