UOB announces pay increases, promotions for up to 98% of employees

by BERNAMA / Pic by TMR FILE PIX

United Overseas Bank Limited (UOB) has announced that it will launch in June a round of pay increases and promotions for all eligible employees across the whole group.

This broad-based pay increase and promotions initiative will cover up to 98 per cent of the group’s total headcount across the region including Malaysia, China, Indonesia, Thailand, and Vietnam, excluding senior management.

“The bank’s push for a mid-year exercise, ahead of its annual year-end one, signals its confidence in a sustained economic recovery in 2021.

“Through this initiative, UOB is also recognising the tremendous efforts of its 26,000-strong workforce in helping its customers and the bank emerge stronger from the COVID-19 crisis,” it said in a statement Wednesday.