Pay cuts

GERMAN auto parts supplier Robert Bosch will reduce the hours, and consequently the pay, of 450 employees in Germany from next spring, citing the difficult economic situation, a company spokesperson s...

ALTHOUGH Chinese securities firms’ pay packets are still among the highest in the country, they are now in the shadow of an industry-wide pay cut, under pressure from the government to rein in excessi...

IT’S good to be the boss.

AFTER months of delays as they deliberated on how to navigate President Xi Jinping’s push for “common prosperity”, China’s biggest investment banks are now starting to pay out long-awaited bonuses.

CHINA’S financial watchdogs are facing massive pay cuts as Beijing overhauls the regulatory regime to further tighten the reins on the US$60 trillion industry and comply with President Xi Jinping’s “c...

FORD Motor is cutting the performance bonuses of its senior managers — including chief executive officer Jim Farley — after the automaker said poor execution and supply snags led to disappointing resu...

JD.COM is slashing salaries for about 2,000 managers by 10 per cent to 20 per cent and diverting some of the savings towards a raft of employee benefits, a person familiar with the matter said.

GREEK workers went on a day-long strike on Wednesday (Nov 9), demanding higher wages to cope with surging inflation, as Europe’s soaring energy prices and living costs trigger industrial action and pr...

Whether in a downturn or when things are flush, the compensation that startup founders give themselves always sends some kind of message.