Bloomberg.com, 26 Nov 2008, Jean Chua
Nov. 26 (Bloomberg) -- DBS Group Holdings Ltd., Southeast Asia's biggest bank that's cutting 900 jobs, said employees will take home ``significantly lower'' bonuses this year because of the global financial crisis.
Top managers will suffer the biggest cuts as variable bonuses make up a much larger portion of their total annual pay, Singapore-based DBS said today. The company said it's not reducing monthly salaries.
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