Menu Content
Go Top

Politics

Public Organizations to Share Burden of COVID-19 Crisis through Bonus Cuts

Written: 2020-06-19 18:25:28Updated: 2020-06-19 18:37:46

Public Organizations to Share Burden of COVID-19 Crisis through Bonus Cuts

Photo : YONHAP News

The government has advised state-run enterprises to cut performance-based bonuses for executive-level employees by 10 percent or more to help overcome the impact of the COVID-19 crisis. 

Under the decision by the Ministry of Economy and Finance on Friday, the threshold of performance-based bonus cuts will be raised to 15 percent at finance-related public organizations. 

Those state-run enterprises will be encouraged to compensate a portion of the cut bonuses by providing affected workers with coupons aimed at revitalizing regional economies.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >