SHANGHAI, June 30 (Reuters) – Trip.com Group (9961.HK) said on Friday it would pay 50,000 yuan ($6,897.69) to employees for each child they have starting July 1 – the first such initiative by a large private company in China as the country struggles with an ageing population.
The company, one of the world’s largest online travel agencies, with 400 million users, said it would pay a parental cash subsidy of 10,000 yuan annually for five years for every child born to its employees worldwide. The programme will cost about 1 billion yuan, the company said.
China’s biggest online travel agency to pay employees 1 billion yuan to have kids
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