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ANZ does away with staff share bonuses amidst WM sale rumours

ANZ has decided to terminate share bonuses for staff this year, as part of the bank’s wider cost-cutting exercise, according to media reports. Employees of the bank – approximately 20,000 –  traditionally receive a A$1,000 (US$746) share bonus at the end of the year. Instead, employees were told that 2016 had been a “challenging year” and that “ANZ needs to reduce…

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