(Macao, Jan. 23, 2020) – Sands China Ltd. (HKEx: 1928) is paying a discretionary bonus to all eligible full-time team members on Jan. 23, 2020, in recognition of their contributions in 2019.
In addition, the company is increasing the salaries of eligible team members effective March 1, 2020, benefiting 99 per cent of Sands China’s more than 29,000 team members.
On January 23, 2020, a discretionary bonus equivalent to one month’s pay will be paid to non-management team members who have been with the company for one year or more. A discretionary bonus will also be paid to all management team members based on the company’s
Management Incentive Plan. Those who have worked for Sands China for less than one year will receive prorated bonuses if they joined the company before October 1, 2019, and are still employed on January 23, 2020.
The company’s salary increase takes effect March 1, 2020. Eligible full-time team members earning monthly salaries less than or equal to MOP 13,000 (before tax) will receive a pay rise of MOP 500, resulting in a salary increase of between 3.8 and 4.7 per cent. Eligible full-time team members earning monthly salaries above MOP 13,000 (before tax) will receive a 2 per cent pay rise.
“Sands China is again very pleased to announce a discretionary bonus and salary increase for our team members, whom we consider our most valuable asset,” said Dr. Wilfred Wong, president of Sands China Ltd. “My sincere appreciation goes to each and every one of them for their contributions in 2019 – a year that marks the 20th anniversary of the establishment of the Macao SAR and Sands’ own milestone of 15 years in Macao. As we move into a new year and a new decade, I look forward to working together with all our team members to create extraordinary guest experiences and take Sands China to new heights.”
Photo Caption: Sands China Ltd. is paying a discretionary bonus on Jan. 23, 2020, to all eligible full-time team members. In addition, the company is increasing the salaries of the majority of its team members effective March 1, 2020.
