JPMorgan is giving tellers, other ‘front-line’ employees dealing with coronavirus a $1,000 bonus

Finance

Pedestrians walk past an american multinational investment bank and financial services holding company JPMorgan Chase Bank branch.

Alex Tsai | SOPA Images | Getty Images

JPMorgan Chase said it was giving bank tellers and other “front-line employees” a one-time bonus of up to $1,000 to help cushion the difficulties of working during the coronavirus pandemic. 

“Many of our front line employees in our branches, operations and call centers, and other key sites who continue to go into their office or branch each day face particular challenges related to issues like childcare and transportation,” the bank said in a Friday memo to employees.

“To help them meet these challenges and to recognize their ongoing commitment to our customers, clients and communities, we will make a one-time COVID-19 special payment equal to a maximum of US$1,000 (not to exceed 10% of salary/regular pay or fixed pay in certain countries).”

This story is developing. Please check back for updates.

Articles You May Like

E.l.f. Beauty posts 51% sales increase, raises full-year guidance
Backpacker visa squeeze leaves WA country pubs and farms short of workers
Four Aussie startups pull in $31 million, from space power to robotics AI
Home values slide for a seventh month, and the pace is the fastest in 40 years
Jim Cramer says the AI trade is not going away as Nasdaq enters correction

Leave a Reply

Your email address will not be published. Required fields are marked *