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Waste Management Suspends its Business Outlook Due to COVID-19

There’s no crystal ball for Waste Management amid the COVID-19 crisis. 

Big business is coming back slowly. However, the next steps with small businesses such as boutique hotels and restaurants are still difficult to predict. Waste Management doesn’t have a feel for how quickly they will come back.

On top of that, with so many people working from home, it’s no surprise that more trash is being picked up curbside at this time. With as much as 30-50 percent of the workforce potentially continuing to work from home in the future, waste haulers will have to renegotiate contracts with municipalities. Jim Fish CEO & President, Waste Management said, “We’ve got to make sure we’re adequately compensated.” 

With sanitation workers classified as essential workers, the need for waste removal during this time is critical. And Waste Management has met the challenge. Waste Management pivoted their protocols in just a matter of days amid the pandemic. The company is also guaranteeing 40 hours of weekly pay to all full-time employees during this time.

Listen to the video here

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