Taiwan-Based Shipping Company Rewards Employees With 4 Years’ Salary As Annual Bonus

Taiwan-Based Shipping Company Rewards Employees With 4 Years' Salary As Annual Bonus

Who doesn’t love an annual bonus? When your organization is glad together along with your extremely good overall performance all through the 12 months, you get a bonus. Sometimes, it’s far extra than you expect. Something comparable came about at Taiwan’s Evergreen Marine Corp, as it’s far celebrating a standout 12 months with the aid of using awarding stellar bonuses to a number of its team of workers. The quantity may go away you amused. According to a Bloomberg report, the Taipei-primarily based totally transport organization is handing out annual bonuses identical to 50 month’s revenue or extra than 4 years’ pay on average.

The supply advised the information organization that the dimensions of the providence varies relying on an employee’s process grade and function, and the oversized bonuses are handiest relevant to team of workers with Taiwan-primarily based totally contracts.

The annual bonuses have usually been primarily based totally at the organization’s overall performance for the 12 months and the employee’s overall performance, Evergreen Marine stated withinside the assertion launched on Friday and declined to difficult on it.

Taipei’s Economic Daily News ultimate week suggested that a few personnel acquired bills of extra than $65,000 (round Rs fifty four lakh) on December 30, ultimate 12 months.

Evergreen Marine’s largesse is the end result of an extraordinary industry-extensive transport growth during the last years, pushed with the aid of using a pandemic-fueled surge in call for for client items and freight rates. The organization’s 2022 sales is anticipated to hike to a report NT$634.6 billion (Rs 1702 crores), extra than triple 2020 sales.

But, now no longer all Evergreen Marine’s team of workers had been so fortunate though. According to reviews with the aid of using Chinese media residence Caixin, the organization’s Shanghai-primarily based totally personnel have complained of unfair remedy when they handiest were given bonuses of among 5 and 8 instances their month-to-month salaries.

The transport groups had been warned that hastily weakening worldwide growth, mixed with a drop in freight rates, is in all likelihood to harm profitability this 12 months. Evergreen Marine’s inventory tumbled fifty four percentage ultimate 12 months, after a lovely benefit of 250 percentage in 2021.

Evergreen Marine got here to the limelight for all the incorrect motives in early 2021, whilst a deliver it operated were given caught withinside the Suez Canal.

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