Backlash forces Europe’s largest lender to scrap global salary freeze less than two weeks after introductionHSBC has reversed a pay freeze it imposed on staff less than two weeks ago,even though its chief executive has warned of the “very challenging operating environment” this year.
In an email to the bank’s 250000 staff, Stuart Gulliver revealed protests approximately the way the pay freeze had been announced had forced him to change his stance.
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Source: theguardian.com