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Trafigura to give £1bn in bonuses to top traders and executives
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Oil, gas and metals merchant Trafigura will reward its top traders and executives with bonus payouts worth over £1bn this year after the company made record profits from the market upheaval triggered by the Covid pandemic.
The rewards raked in by senior executives will climb by 87% from last year to £1.1bn after volatility in the global commodities market helped the company to almost double its net profit to $3.1bn, the highest in its 28-year history.
The company was able to use the severe swings
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