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New Wage Code: Allowance to not exceed 50% of salary? Labour ministry holds key meet to discuss salary structure today

If it is agreed upon that allowances cannot exceed 50 per cent of salary, then the take-home salary will be less and investment in PF will increase.

Twitter to cut annual bonuses for employees to 50% amid downturn

The annual bonus figure could fluctuate even further throughout the year based on Twitter s upcoming earnings, according to Segal who wrote an email to Twitter employees on Friday. The company employs more than 7,500 people globally. 

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