Hong Kong News

Nonpartisan, Noncommercial, unconstrained.
Wednesday, Mar 22, 2023

Bus giants get on board with 4.5pc pay hike

Bus giants get on board with 4.5pc pay hike

Citybus and New World First Bus yesterday announced 4.5 percent pay hikes from January 1, with bus captains and other frontline workers getting a jumpstart on colleagues with their salary rise taking effect next month.
That translates into a HK$1,170 increase for a driver on HK$26,000 a month, which is the salary they are quoting in the hope of drawing 200 more bus captains.

The companies - subsidiaries of Bravo Transport Services - will merge after their franchises expire next year.

The pay hikes, they said, signify their commitment to employees and the future of the business.

"This significant increase also makes reference to the future as we rebase and start to grow and expand our business into the future," said the companies, which mainly operate cross-harbor and urban routes on Hong Kong Island.

As of 2020, the two have 5,000 staff.

The hikes are regarded as market leading compared to MTR Corp's 3.3 percent and Kowloon Motor Bus' 3.5 percent in July. With it, the hope is to retain bus captains and attract new talents.

The hikes take effect next month for all non-supervisory frontline staff and from January for others, subject to annual performance reviews.

They serve to recognize staff contributions amid the pandemic and take into account a number of factors, including the current recruitment market and increasing external inflationary pressures.

The hikes are seen as an expansion of business opportunities that lie ahead in the SAR's emergence from the pandemic, the gradual resumption of air and cross-border travel and in supporting the rapidly expanding business in key development areas.

It is the first pay hike in three years. The firms handed staff a one-off HK$4,000 this January, saying operations and profits had been hit by border closures and cross-harbor route suspensions.

They have launched a "district-based" bus captain recruitment campaign since July and want 200 more drivers to work in routes in their own neighborhoods, for HK$26,000, HK$1,000 more than last year.

Those recruited this month will each get HK$12,000 newcomer bonus too.

Related Articles

Hong Kong News
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
The US government has charged Chinese businessman Guo Wengui with leading a $1 billion fraud scheme that cheated thousands of followers out of their money.
Credit Suisse to borrow $54 billion from Swiss central bank
The BBC problem about China
Russian Hackers Preparing New Cyber Assault Against Ukraine
"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident
If this was in Tehran, Moscow or Hong Kong
Announcing GPT-4
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road
A brief banking situation report
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
'No relation to the American SVB': India's SVC Bank acts to calm depositors amid brand name confusion.
Good news: The U.S. government is now guaranteeing all deposits, held by, Silicon Valley Bank, and the funds are available as of today
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
Saudi Arabia has announced a major breakthrough in diplomacy with Iran after two years of intense talks
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
A primitive judge in Australia sparked outrage when he told a breastfeeding woman to leave his courtroom for being “a distraction"
Barcelona is feeling the heat as they face corruption charges over payments to former vice-president of Spain's referees' committee, Jose Maria Enriquez Negreira
Banking regulators close SVB, the largest bank failure since the financial crisis
Silicon Valley Bank: Struggles Threaten Tech Startup Ecosystem"
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Old clip of Bill Gates saying Ukraine is a big, fat, corrupt sinkhole is going viral
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
2 universities in Hong Kong embrace use of ChatGPT, other AI tools
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
Missing Chinese banker was working to set up Singapore family office
Hong Kong ditches Covid mask mandate after 945 days
Xi Jinping and His Wife Meet with Cambodian King Norodom Sihamoni and Queen Mother Norodom Monineath Sihanouk
How do stolen goods end up on Amazon, eBay and Facebook Marketplace?
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
When it comes to Tesla vs Lamborghini, an empty vessel makes more noise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
North Korea test-fires an intercontinental ballistic missile into the Sea of Japan west of Hokkaido
US bombed Nord Stream gas pipelines, claims investigative journalist Seymour Hersh
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History