Originally Posted by
ermen
were housing packages retrospectively taken away in banking / finance? I certainly know that it is unlikely for a new hire to get a package (though some still do) - but i haven't heard of a case where it was suddenly taken away with a unilateral revision to an existing contract. indeed when it was written into my contract before at a previous employer - i never saw any clause that said it could be removed at will.
It's not very difficult. They can come to you and ask you to renegotiate this perk. If you refuse, they could just fire you. It's as simple as that. In finance, it's employment at will, and if your employer wants to backtrack on some perk, they can ask you to agree to it or they'll just fire you.