TAIWAN's evergreen Marine Corp and Yang Ming Marine Transport Corp have granted substantially large year-end bonuses to employees given strong profits, despite a decline in shipping rates this quarter.
Evergreen Marine, the nation's largest container shipping company, distributed year-end bonuses of as much as 52 months wages to some of its employees, higher than the 40 months it offered last year, Taipei Times reports, citing its sister newspaper the Chinese-language Liberty Times.
Most employees were rewarded with year-end bonuses ranging from 10 to 45 months of wages, while those demonstrating superior job performances received the equivalent of 52 months of salary, the report said.
Evergreen declined to confirm the report or answer questions about the bonuses. It only said that each employee was compensated based on their performance.
Evergreen reported a net profit of TWD304.35 billion (US$9.91 billion) during the first three quarters of last year, up 92 per cent year on year.
Evergreen's local rival, Yang Ming Marine, planned to reward its employees with up to 13 months of their monthly salary.
The shipper's net profit surged 51 per cent year on year to TWD165.85 billion in the first three quarters of last year.
The shipping companies said that the significant revenue growth was a result of rising freight rates amid labour shortages and congestion at ports around the world amid the Covid-19 pandemic.
SeaNews Turkey
Evergreen Marine, the nation's largest container shipping company, distributed year-end bonuses of as much as 52 months wages to some of its employees, higher than the 40 months it offered last year, Taipei Times reports, citing its sister newspaper the Chinese-language Liberty Times.
Most employees were rewarded with year-end bonuses ranging from 10 to 45 months of wages, while those demonstrating superior job performances received the equivalent of 52 months of salary, the report said.
Evergreen declined to confirm the report or answer questions about the bonuses. It only said that each employee was compensated based on their performance.
Evergreen reported a net profit of TWD304.35 billion (US$9.91 billion) during the first three quarters of last year, up 92 per cent year on year.
Evergreen's local rival, Yang Ming Marine, planned to reward its employees with up to 13 months of their monthly salary.
The shipper's net profit surged 51 per cent year on year to TWD165.85 billion in the first three quarters of last year.
The shipping companies said that the significant revenue growth was a result of rising freight rates amid labour shortages and congestion at ports around the world amid the Covid-19 pandemic.
SeaNews Turkey
