pay cuts Archives - ChroniclesLive

Tata Group’s Air India Express airline, cancels at least 20 flights as cabin crew call in sick en masse

Tata Group’s Air India Express airline, cancels at least 20 flights as cabin crew call in sick en masse Air India Ltd.’s budget carrier cancelled almost 30 flights since Tuesday, …

Chinese investment bank CICC to demote senior bankers, cut their pay to reduce costs

by Anas Siddiqui

It is also very difficult for companies to terminate employees in mainland China. Demotions – or the threat of them – could lead bankers to resign, which would enable the …

China’s stockbrokers see salaries slashed for second year amid slumping market, crackdown on flashy finance executives

by Anas Siddiqui

The pay cuts among the top 10 brokerages ranged from 1.2 per cent to 27 per cent, with Shanghai-based Shenwan Hongyuan Group slashing salaries the most, the data shows. The …