MALAYSIA-PRESS-Maxis defers staff bonus after missing financial targets - Malaysian Reserve

Sun Feb 23, 2014 8:07pm EST

Maxis Bhd has deferred its staff bonus payment for financial year 2013 after failing to achieve targets for that year.

Chief Executive Morten Lundal told staff last week that bonus will be paid out later this year if Maxis achieves new targets set for the first half of 2014, according to sources.

In a response to queries from The Malaysian Reserve, Maxis issued a statement saying that the company did not achieve its 2013 targets and had deferred the bonus payment. The bonus will be paid "at a later date upon achieving our targets for H1 2014."

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NOTE: Reuters has not verified this story and does not vouch for its accuracy.

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