Detroit's Quicken Loans makes Juneteenth a paid holiday for 30,000 workers

The Associated Press

Detroit – Detroit-based mortgage company Quicken Loans said it will offer a paid holiday to employees on June 19, which is observed as the end of slavery in the United States.

Quicken Loans said the policy covers 30,000 employees.

Jay Farner, CEO of Quicken Loans, gives his remarks about racism during a press conference Wednesday, June 3, 2020. CEOs of nine of Detroit's largest corporations stood together to take a stand against racism and injustice in America and its criminal justice system.

Juneteenth “will be a paid holiday for team members who choose to commemorate this day,” chief executive Jay Farner said Friday on Twitter.

“We are encouraging those team members to use it to have a voice, to contribute to the community, to celebrate their identity or use it to learn more about addressing racial inequity,” Farner said.

Quicken Loans and affiliated companies have a large presence in Detroit, which is about 80% black.