Source: South China Morning Post

Citi: Citigroup to make HK$8,000 payments to help staff hurt by coronavirus pandemic

Citigroup offered to make a one-time payment this month to its lowest paid staff in Hong Kong to help them overcome financial hardships as the coronavirus pandemic pushes the global economy into a recession.Staff members whose annual base salary is HK$470,000 (US$60,622) or less would receive a special payout of HK$8,000 this month, Citi said on Wednesday. It is part of the bank's announcement last week of one-time payments to 75,000 staff globally, including US$1,000 each to its lowest-paid...

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Michael L. Corbat's photo - CEO of Citi


Michael L. Corbat

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