For the second year, junior employees across OCBC Group will receive a one-off payment to cope with cost of living pressures.
The payment, totalling an estimated S$7.5 million, will help close to 11,000 employees across OCBC and its subsidiaries including Bank of Singapore and OCBC Securities.
They will receive the payout from February to April 2025.
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Specifically in Singapore, about 4,000 junior employees (including new entrants to the workforce and unionised employees) will receive S$1,000 each.
These recipients make up close to 40% of the total number of employees based here.
For employees outside Singapore, the one-off support takes into consideration the respective local market conditions.
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