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.
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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