HKBN announced yesterday that it has passed on all wage subsidies received under the first tranche of the Hong Kong Government’s Employment Support Scheme (ESS) to about 3500 employees in Hong Kong, as many of its employees have seen their overall family incomes adversely affected due to the unprecedented global economic challenges posed by COVID-19.
In April, HKBN pledged to pass on all employee-related payout funds received to the employees, without reducing their current salaries. The telecom carrier will meet the headcount retention requirements as stipulated by the subsidy terms.
Likewise, HKBN will also pass on 100% of the payout funds to its employees after receiving the second tranche of wage subsidies from the government in the coming months.
“HKBN’s core purpose is to ‘Make our Home a Better Place to Live’,” said NiQ Lai, HKBN co-owner and CEO.
“In these tough times, we are here to support our employees by passing on the wage subsidies to them. Additionally, all 10 executives in our management committee will be donating 100% of our personal wage subsidies to charity, and we encourage fellow HKBNers who are under less financial difficulty to join us.”
In other jurisdictions, HKBN has given the business subsidies it received from the Singapore, Malaysia, mainland China and Macau governments as a one-time financial subsidy to more than 2500 employees in those areas. These employees have each received payment from HKBN equivalent to around HK$3,000 to HK$25,000.