JPMorgan Hands Out Cash to Hong Kong Staff to Boost Morale
- Goldman offers HK$1,000 allowance a week for kids’ activities
- JPMorgan says staff can use HK$1,800 to dine out after Covid
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JPMorgan Chase & Co. is now handing out HK$1,800 ($230) to each of its employees in Hong Kong as the city grapples with its largest outbreak of infections during the pandemic, while Goldman Sachs Group Inc. is offering allowances to kids stuck at home.
The cash payment will allow staff to treat themselves and their families to a meal once the current restrictions are lifted, a Hong Kong-based JPMorgan spokeswoman said. Goldman Sachs is offering HK$1,000 a week per kid to employees for extra curricular activities and another HK$1,000 allowance for test kits and masks, a person familiar said. A Hong Kong-based spokesman declined to comment.