While there can be restructuring in bonus, variable pay structure, it will not be a dramatic shift," LiveMint said quoting one of the two sources.
“Axis will make fresh offers to all the 3,600 employees.
After announcing the merger last week, Axis had said that it will give Citi employees the same or higher amounts of remuneration post merger. Some other employees were also given the option to apply for roles in such verticals of Citi that were not being merged with Axis Bank, the sources added.įor employees who do not find the fresh job offers not suitable, two to three months will be provided to find another job, the sources quoted by LiveMint said on condition of anonymity.
Axis Bank-Citi Merger: The employees of Citibank who will choose to join Axis Bank will keep enjoying the same pay structures as present, a report quoting sources said on Friday.
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