Cut CEO pay, not axe jobs during pandemic

Cut CEO pay, not axe jobs during pandemic - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Cut CEO pay, not axe jobs during pandemic, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

ADUN SPEAKS | Businesses that suffer from a loss of business, which results in job losses, are maybe normal under the current climate, but many bank employees are facing the axe while their employers record profits and their CEOs are paid millions in salary and bonuses.A recent report by consultancy firm Roland Berger estimated the closure of 567 bank branches in Malaysia within the decade. This followed one of the largest banks in Malaysia announcing it will be shutting 13 of its branches nationwide by the end of 2021.Another local bank has closed down six branches thus far with another six more planned within the next two months. While profits for the year 2020 were reported in the billions, branches and retrenchments were not spared to further cut cost for the sake of profit even under the healthcare, economic and political triple-crisis that our nation is facing.National U…