The shift will reduce the frequency of bonuses for a portion of Apple’s corporate workforce, said the people, who asked not to be identified because the plan hasn’t been announced publicly.
The scenes unfolded at a party organised by Henan Mine, a crane manufacturer based in central China.
The company will give out $1,000 to retail staff hired before March 31, while those who joined later will get $500, the report said.
Speaking to CNBC-TV18, Pradeep Bakshi, President & COO- Unitary Products Business Group & Mining & Construction Equipment Division of Voltas says that the industry to grow at 10-20 percent level in FY16.
Salaries in recent months have gone up by up to 60 percent compared to last year in some industries with perks like sign-on bonuses, stock options and even counter offers making a comeback, experts told CNBC.
Pay increases have been muted across much of the banking sector in the aftermath of the financial crisis, but JPMorgan's plans are on the low end of what experts forecast for the industry this year.
Portfolio managers at large hedge funds should also be grinning right now, given that average salaries have reached USD 2.2 million, the 2014 Glocap Hedge Fund Compensation report, released Thursday found.
BP will not pay bonuses for 2010 to the top executives whose divisions were involved in the worst-ever offshore US oil spill last year, the company said in an annual report dominated by the disaster.
General Motors Co and Chrysler Group LLC could award some managers bonuses of up to 50% of their salary, Bloomberg reported on Thursday, citing three people familiar with the matter.