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Evergreen Group head says no layoffs despite bleak economy

Evergreen Group head says no layoffs despite bleak economy

Taipei, Dec. 30 (CNA) Evergreen Group Chairman Chang Jung-fa said Tuesday that the group will not lay off workers or force them to take unpaid leave as they are "valuable assets" of the group's companies.
In an informal meeting with the media, Chang also described the economic downturn as similar to the Great Depression of the 1930s, saying that the days ahead will be "harsh." "The world economy will probably only improve in 2012, " he predicted.
Chang said the most important thing for businesses at present is not how to make money but to think about riding out the difficulties, pointing out that businesses will succeed only if they can overcome their difficulties.
"The employees are valuable assets of a company, and the boss has to think about them so that they will be loyal," Chang said.
He assured the group's 27,000 workers that they can enjoy a happy new year as he will not lay them off or force them to take unpaid leave during the economic slump.
He also said the strategy of the group will be more conservative next year, noting that Evergreen Marine Corp. will not commission any new ships, while EVA Airways will not buy new aircraft, saying that saving on such outlays will be a "major consideration." Employees of Evergreen Marine Corp., which recorded a profit this year, will get a two-month year-end bonus, while employees of Eva Airways, which registered losses, received a year-end bonus of one month this week.
(By Lilian Wu)




Updated : 2021-05-08 01:52 GMT+08:00