UOB, OCBC Plan Cost-of-Living Payout to Junior Staff in 2025
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United Overseas Bank Ltd. and Oversea-Chinese Banking Corp Ltd. will give a one-off payment to junior employees globally for the second year in a row to alleviate ongoing cost-of-living concerns.
About 6,000 eligible junior staff across UOB will receive an extra month of bonus to be paid out by April, the Straits Times reported on Monday, citing the Singapore-based lender. The plan will cost the bank up to S$8 million ($5.9 million).