A total of about 4,000 junior employees across OCBC Group in Singapore will be receiving a $1,000 payout each to help them cope with cost-of-living concerns, as inflation remains elevated. These employees, comprising about 40 per cent of the group’s workforce in... Read more at www.tnp.sg

The Straits Times

Singapore

4,000 junior OCBC employees to receive $1,000 one-time payouts

Media Bias/Fact Check

Singapore Press Holdings

The bank is giving a total of S$7.5 million to junior employees globally.

Mothership Singapore

OCBC giving 4,000 junior staff in S'pore S$1,000 each to cope with cost of living concerns

Singapore-based OCBC will hand out a one-off payment to junior employees globally for the second consecutive year to cope with inflationary pressures. OCBC will hand out a one-off payment of S$7.5 million ($5.5 million) to 11,000 junior employees globally across the group, including its subsidiaries Bank of Singapore and OCBC Securities, according to a statement. The junior workers account for 40 percent of the bank’s total workforce. In Singapo…

finews.asia

OCBC to Deliver One-Off Payment to Junior Workers

OCBC Bank announced a second round of financial aid in the form of one-off payments to its junior employees worldwide, totaling approximately S$7.5 million. This initiative will benefit nearly 11,000 employees across OCBC Group, including subsidiaries such as Bank of Singapore and OCBC Securities. Payments will be disbursed between February and April 2025, marking the second consecutive year OCBC has provided such support to address cost-of-livi…

Fintech Singapore

OCBC Gives S$7.5 Million in Financial Aid to Junior Employees for Second Year - Fintech Singapore

OCBC giving 4,000 junior staff in S'pore S$1,000 each to cope with cost of living concerns - Mothership.SG - News from Singapore, Asia and around the world https://mothership.sg/2024/12/ocbc-junio...Ydi6kBVZrw#

sgtalk.net

OCBC giving 4,000 junior staff in S'pore S$1,000 each to cope with cost of living

OCBC Group is taking steps to ease financial burdens for its workforce in Singapore. The initiative is part of OCBC’s ongoing commitment to supporting employee well-being amidst high living costs. The bank has announced a one-time payout of $1,000 for around 4,000 junior employees, representing about 40 per cent of its local workforce. This includes new hires and unionised staff, who will receive the payment between February and April 2025. It f…

HR Katha

OCBC Group announces $1,000 payout for junior employees

OCBC Group will give a second one-off payment totalling S$7.5m (USD$5.5m) to assist nearly 11,000 junior employees globally in managing rising living costs. The initiative, which is set to be disbursed between February and April 2025, will benefit employees at OCBC, Bank of Singapore, and OCBC Securities for the second year running. In Singapore, around 4,000 junior employees, including new arrivals as well as organised personnel, will each get …

4,000 junior OCBC employees to receive $1,000 one-time payouts

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