Deutsche Bank bonus cuts: lessons for SMEs
By Trent Hancock · 2 February 2017 · Employment Legislation
By Trent Hancock · 2 February 2017 · Employment Legislation
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Deutsche Bank of Germany recently decided to cut bonuses for local employees as it struggles to turn a profit in the wake of a large litigation bill. The litigation issue stems from the mortgage market collapse in the lead up to the 2008 Global Financial Crisis, resulting in a $7.2 billion-dollar settlement with the US […]
Tags: bonus, bonus payment, Detsche Bank, discretion, employment law, entitlement, Germany, GFC