Covıd-19, Coronavirus, Jobs Support Scheme, Wage Subsidy, Economy And Finance, Citibank

Covıd-19, Coronavirus

Citibank Singapore returns COVID-19 Jobs Support Scheme payouts

Citibank Singapore returns COVID-19 Jobs Support Scheme payouts

21/5/2020 11:18:00 AM

Citibank Singapore returns COVID-19 Jobs Support Scheme payouts

SINGAPORE: Citibank Singapore has returned payouts under the Jobs Support Scheme (JSS) and will decline future such payouts from the Government. ...

AdvertisementCiti has given back the first tranche of the wage subsidies, but did not say how much was returned.The spokesperson noted that about 80 per cent of Citi’s 8,500 employees here are Singaporeans and permanent residents.Employees were told of the bank's decision in an email sent on Thursday by Citi country officer for Singapore Amol Gupte.

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"We feel it is the right time to signal that companies like Citi are here for the long term, and that the well-being of the larger community in Singapore matters to us," Mr Gupte wrote in the internal email seen by CNA.“Considering the large workforce that we have, this was a big decision and we hope it will make a significant impact on our community."

Mr Gupte, who is also Citi’s ASEAN head, also noted other initiatives the bank has taken to help clients, employees and the community during the COVID-19 pandemic.These include a financial relief programme to clients, special compensation to employees who are experiencing hardship during this period.

Read more: CNA »

First bank to do it here and probably NONE of the local banks will do so. Will not be publish in any way which put other banks esp local ones into question. Citigroup employees have day off tmr 🤔

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