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Home»Business»Taiwan’s Evergreen Marine Corp gives ‘mega bonuses’ worth 50 months’ salary to employees
Business

Taiwan’s Evergreen Marine Corp gives ‘mega bonuses’ worth 50 months’ salary to employees

January 11, 2023No Comments2 Mins Read
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Taiwan’s Evergreen Marine Corp. is celebrating a standout 12 months by awarding stellar bonuses to a few of its workers.

The Taipei-based delivery firm is handing out year-end bonuses equal to 50 months wage, or greater than 4 years’ pay, on common, based on an individual accustomed to the matter. The scale of the windfall varies relying on an worker’s job grade and performance and the outsized bonuses are solely relevant for workers with Taiwan-based contracts, the individual stated, asking to not be recognized as a result of the small print are non-public.

Additionally Learn | Apple provider quadruples bonuses to workers hit by China Covid lockdown

12 months-end bonuses have all the time been primarily based on the corporate’s efficiency for the 12 months and the person efficiency of workers, Evergreen Marine stated in a press release Friday, declining to elaborate.

Evergreen Marine’s largesse is the results of an unprecedented industry-wide delivery increase over the previous two years, pushed by a pandemic-fueled surge in demand for shopper items and freight charges. The corporate’s 2022 income is predicted to soar to a document NT$634.6 billion ($20.7 billion), greater than triple 2020 gross sales.

Evergreen Marine, which attracted headlines for all of the unsuitable causes in early 2021 when a ship it operated acquired caught within the Suez Canal, roiling provide chains, doled out bonuses as much as 52 months wage, Taipei’s Financial Each day Information reported final week. Some workers obtained funds of greater than $65,000 on Dec. 30, the information outlet stated, with out disclosing the place it acquired the knowledge.

Not all Evergreen Marine’s workers have been so fortunate although. Its Shanghai-based workers have complained of unfair remedy after they solely acquired bonuses of between 5 and eight instances their month-to-month salaries, Caixin reported, citing native employees.

The current pay day could also be pretty much as good because it will get for the foreseeable future, nonetheless. Transport firms have warned that quickly weakening world progress mixed with falling freight charges are prone to damage profitability this 12 months. Evergreen Marine’s inventory tumbled 54% final 12 months after a surprising 250% acquire in 2021.

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