Nuvei is ready to donate $4,000 to its American employees

While abortion rights have only just begun in the United States, Quebec company Nuvei is offering its American employees to pay up to $4,000 to help them with a change of state or to do so in an emergency.

Like Amazon, Apple and Disney, payment technology provider Nuvei has refused to stand by and watch abortion access in the United States.

Nikki Zinman

Linkedin screenshot

Nikki Zinman

This was publicly announced by its CEO, Philip Fayer. His chief of human resources, Nikki Zinman, explained her intentions to the company yesterday Protocol.

  • Hear business journalist Olivier Bourque’s column at the microphone of Yasmine Abdelfadel on QUB radio:

go to another state

“We offer them [aux employées] up to $4,000 in reimbursement costs to go to the closest place where treatment is legally available,” she explained.

“We don’t go into the political debate. It’s a very personal and sensitive issue, but we want the team to have access to healthcare,” said the chief executive of Nuvei, which is valued at $7.2 billion on the stock market.

Basically, the techno company does not pay the abortion bill, but the travel expenses of its employees, who have to change states to do so.

Utah, South Dakota, Oklahoma, Missouri, Arkansas, Louisiana, Alabama, Kentucky, Wisconsin… Nine states had already banned abortion by midday yesterday, three days after the Supreme Court set the Roe v. Wade had picked up.

The Shareholder Fund

Nuvei is headquartered in Montreal. It has approximately 1,570 employees, 250 in the country and 270 in the United States.

The Caisse de depot et placement du Quebec (CDPQ) has an investment of between $1 billion and $1.5 billion in Nuvei.

“The CDPQ supports respect for the fundamental rights acquired by women and all human beings,” said its spokesman, Maxime Chagnon, yesterday.

“We will not individually comment on the specific operations or decisions of our portfolio companies, but we support any initiative by them aimed at protecting these rights,” he added.

For Yan Cimon, professor of strategy at Laval University, it goes without saying that companies value their employees.

“It is normal for companies to take action to promote women’s health in 2022,” he analyzed.

“It may look easy from Canada, but it’s a hot potato

. These companies have courage,” said Yanik Deschenes, President of YPR.

Yesterday, Montreal Mayor Valérie Plante warned that it was necessary to prepare to welcome American women who want to protect themselves from this right.

For his part, Quebec Mayor Bruno Marchand said he feared the anti-election “cuckoo clocks” who might feel justified in showing violence.

  • In recent days, AFP reported that the American company Lyft is ready to pay the costs of its drivers who have been sued for driving a woman from one state to another for an abortion.

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