Bank of China Ltd , China's fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing's "common prosperity" drive, three sources with knowledge of the matter said.
  • Infamousblt [any]
    ·
    1 year ago

    Did you even read the article? The article says the plan includes raises for the lower and middle paid employees that is being paid for by cuts to the upper executives. So they're doing exactly what you proposed

    Under the plan, the salary package for employees below mid-level managers was raised by about 10% to 15%, and salaries for higher-level managers were reduced by a similar range, a second source said.