HSBC said it would cut year-end bonuses for junior staff after it navigated a difficult operating environment in 2020. Photo: Bloomberg HSBC said it would cut year-end bonuses for junior staff after it navigated a difficult operating environment in 2020. Photo: Bloomberg
HSBC said it would cut year-end bonuses for junior staff after it navigated a difficult operating environment in 2020. Photo: Bloomberg
HSBC

HSBC to cut year-end bonuses for junior staff by 22.5 per cent as coronavirus pandemic weighs on performance

  • HSBC’s profit in the first nine months of 2020 fell by 62 per cent as business activity weakened during pandemic
  • Total compensation for affected employees is mostly flat or slightly up year-on-year, HSBC spokeswoman said

Topic |   HSBC
HSBC said it would cut year-end bonuses for junior staff after it navigated a difficult operating environment in 2020. Photo: Bloomberg HSBC said it would cut year-end bonuses for junior staff after it navigated a difficult operating environment in 2020. Photo: Bloomberg
HSBC said it would cut year-end bonuses for junior staff after it navigated a difficult operating environment in 2020. Photo: Bloomberg
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