READ MORE: Supermarket staff to get up to 16 months’ bonus
“Thanks to the collective and extraordinary performance of our people in these difficult times, we have been able to post results that are above industry averages, allowing us to repay the salary sacrifice and set aside a higher bonus pool to fairly reward and recognise our teams,” Sadoun told CampaignAsia.
The company’s supervisory board had approved the proposal to repay executives. However Sadoun and other members in the top management board, including COO Steve King will not be getting back the lost salaries as their packages were fixed at 2020’s annual general meeting, reported CampaignAsia. Sadoun had taken a 30% pay cut to help tide the company.
In a video message, he told staff that “when we fight as one, when we outperform as one as we have today, we win as one”.
