JPMorgan Chase announced that it’s giving pay raises to 22,000 US employees who work in its branches and customer service centers as part of a $20 billion investment in the business that’s connected to the company’s tax windfall.
These employees will see hourly wages increase to between $15 and $18, up from $12 and $16.50, the company said in a statement. The pay bump goes into effect in over 100 cities across the country, depending on the cost of living, on February 25.
“Having a healthy, strong company allows us to make these long-term, sustainable investments,” CEO Jamie said in a statement. “We are excited about further investing in our outstanding workforce and expanding into new U.S. markets. When we enter a community, we enter it with the full force of JPMorgan Chase behind it. We hire people. We lend to and support local businesses.”
You can read the full version on the website of Businessinsider.nl
Source: https://www.businessinsider.nl
