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…
Have a confidential tip? Get in touch [email protected]