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Germany’s second largest bank, Commerzbank announced it was overhauling its bonus payment system, and the new one will come into effect on 01 January 2019. The new system will apply to 18,000 employees currently ‘outside a collective agreement’ and will for the most part do away with basing bonus calculations on individual evaluations. Only the small group of ‘Risk-Taker’ managers working abroad will receive financial individual performance recognition. As such Commerzbank’s policy has moved in line with that of Bosch, Deutsche Bahn, and Daimler.
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