Shadow economy hits skates as restaurant suppliers lose jobs
Holland let several senior management employees go, although she decided to restructure her partnerships and her staff before it became a necessity. “It’s always difficult to sever those ties under normal circumstances,” she said, “So the pandemic actually allowed me to do that and get some clarification.”
Her sales are down about 65%, but she is able to get by for now, thanks to a landlord willing to accept a percentage of her sales, currently take-out only, instead of traditional rent.
Not all owners can be this flexible. “Restaurants have owners, but owners have owners: their banks,” said Taryn Brandes, a New York-based real estate agent whose practice focuses on the hospitality industry. “And so, not all landlords have the capacity to work with their tenants if the banks are not willing to work with the landlords.”
For all the discounts and accommodations, however, Holland’s big concern is when she’ll be allowed to resume dining indoors, get closer to normal, and add jobs. “I have this big space that’s built for dining and I don’t know when we’ll be able to do it again,” she said.
But it is cautious about the future, which creates more problems for its suppliers: Although Alameda County now follows California’s risk assessment guidelines, it does not yet allow meals to be eaten. ‘interior, which suits the Netherlands; even when she is, she is in no rush to go back up. And rehiring staff is his priority, not restoring non-essential services.
“I would love to hire the florist again,” she said, “but it’s not a priority expense. “
The Counter has found people across the country whose jobs have been downsized or eliminated altogether because restaurateurs like Holland just can’t foot the bill, people whose stories usually don’t make coverage of the ongoing nightmare. restaurants. But behind your neighborhood joint is a group of people – about eight million, according to the Economic Policy Institute – whose jobs and livelihoods depend on restaurants. Here is an overview of the extent of the casualties.