To ease employees' concerns, the local lender will set up a roadshow for branches nationwide to ensure agreements on seniority settlement and compensation schemes would stay unchanged, BOOC chairman Mike Chang (張嵩峨) said.
Employees were not unduly worried, according to BOOC's labor union. The union said it may not react strongly as long as the management and Citi can act in compliance with existing agreements.
BOOC closed up 2.22 percent at NT$11.50 on the GRETAI Securities Market yesterday following the announcement.
additional reporting by Bloomberg
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