Citi S’pore Gives Staff $1,200 Cash & Free Insurance To See Them Through Covid-19 Outbreak

Citi Singapore Aid Employees Amid Covid-19 Outbreak, Will Cost Them $2 Million

As the Covid-19 situation worsens in Singapore, many are struggling to stay afloat with some getting their salaries cut. Some even lost their jobs.

Yet during these tough times, companies like Citi Singapore continue to ensure that their employees are well-taken care of.

Source

The bank recently handed out $1,200 to over 1,600 employees and covered their insurance during these turbulent times.

Citi Singapore’s move to cost $2 million

According to The Business Times, the finance company is offering the one-time sum to staff who have an annual base salary of $70,000 or less.

Around 1,600 employees will get the additional funds on top of their April paychecks.

The generous move is part of a by Citibank’s “global initiative”. The move in Singapore alone will reportedly cost the company $2 million, reports The Business Times.

Free insurance for Citi Singapore employees

In light of the outbreak, Citi Singapore will also provide their staff with free AIA insurance coverage.

Source

Additionally, employees will pay less when they seek medical consultation with Whitecoat, a digital healthcare provider, reports The Business Times.

 

Heartening to see companies take care of their staff amid outbreak

All the new measures put in place to help Citi employees sound almost too good to be true.

We are heartened that the finance company is helping to ensure their workers are sufficiently prepared to face the outbreak.

Though the times ahead are extremely uncertain, we hope businesses will also look out for their employees just like Citi did for their staff.

Featured image adapted from Mainly Miles.

Vernice

Vernice loves Brown from LINE FRIENDS and anything timey wimey. Also a huge Harry Potter stan.

Recent Posts

Serangoon HDB flat sold for S$1.208M, becomes most expensive unit in the estate

Prices in Serangoon are rapidly escalating, with a 7.01% increase in the average price this…

29 Mar 2024, 3:29 pm

Scissors penetrate Thai girl’s skull after 4-year-old brother throws them to imitate TV show

The depth of penetration was 2.54cm, or an inch. 

29 Mar 2024, 2:25 pm

Mother of US toddler who died after being left alone for 10 days gets life imprisonment

The judge said she committed "the ultimate betrayal".

29 Mar 2024, 12:25 pm

Expats find S’pore too costly to live in: Many are feeling the pinch & want to leave

Despite the country being an attractive place to live in, elevated costs are causing many…

29 Mar 2024, 10:20 am

S’pore checkpoints see massive jams before Good Friday long weekend with more than 4 hours’ wait

The queue at Tuas was four hours and 40 minutes long at 11.16pm.

29 Mar 2024, 7:23 am