Securities firm to pay old employees year-end bonuses

Two white-collar employees in the city, who quit their finance company jobs the year after earning year-end bonuses, will receive the rest of their previously promised reward based on performance, about 150,000 yuan ($23,765) each, Jing'an District People's Court said Wednesday.

The employees, who worked at a local securities company, quit their jobs in early 2010, before receiving their full end-of-year bonuses for the previous year.

Their company, which had awarded each of them with just over 300,000 yuan for their job performances in 2009, however, said that they were no longer entitled to the remainder of their unpaid bonuses after leaving the company.

Last year, the two employees filed a lawsuit, seeking the rest of the money, roughly half the amount originally promised by the company.

The court ruled that because a signed contract between the company and employees stated that the year-end bonuses would be based on an evaluation of their job performances for the previous year - an employment period that both workers fulfilled. As such, the court said that they deserved to be paid in full.