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Taiwan workers paid average year-end bonus of NT$71,968

TAIPEI (Taiwan News) — Employees received an average year-end bonus of over NT$70,000 (US$2,400) for their work in 2021, with those working in shipping receiving the biggest payout, according to...

Taiwan's Novatek hands out up to 50 months' salary in bonuses

TAIPEI (Taiwan News) — News broke on Tuesday (March 29) that major IC designer Novatek Microelectronics (聯詠科技) is handing out up to 50 months' salary in year-end bonuses to its employees. ...

Taiwan’s economy could grow by 4.1% in 2022 despite COVID surge

TAIPEI (Taiwan News) — Despite the recent surge in local COVID-19 infections, Taiwan’s economy should still manage to grow by 4.1% this year, the Taiwan Institute of Economic Research (TIE...

Taiwan's Formosa Plastics gives 7 months' salary as year-end bonus

TAIPEI (Taiwan News) — Formosa Plastics Group (FPG) announced on Monday (Jan. 10) that it will be handing out up to seven months' worth of pay as year-end bonuses to its employees. Amid a...

Strike continues at Vietnam shoe factory owned by Taiwan's Pou Cheng Group

TAIPEI (Taiwan News) — A strike that broke out in Bien Hoa, Vietnam, at the factory of the world’s largest footwear manufacturer, Pou Cheng Group, over employee dissatisfaction with Lunar ...

Taiwan's Sharetea hands out generous year-end bonuses

TAIPEI (Taiwan News) — Beverage brands in Taiwan are doling out several months’ salary as a year-end bonus despite the impact of COVID-19 on the industry. Lian Fa International Dining B...

Employees of Taiwan’s Yang Ming Marine disappointed at 8 months’ salary for year-end bonus

TAIPEI (Taiwan News) — After Evergreen Marine Corp. (EMC) doled out year-end bonuses equal to 40 months' salary to its employees, another major Taiwanese shipping company’s less genero...

Taiwan's Evergreen hands out up to 40 months' salary as year-end bonus

TAIPEI (Taiwan News) — Evergreen Marine Corp. (EMC) is reportedly handing out generous year-end bonuses to its employees, with some receiving a whopping sum equal to 40 months' salary, as 20...

Mexico says outsourcing to be strictly limited

MEXICO CITY (AP) — The Mexican government said Monday it has reached an agreement with business and labor groups to strictly limit outsourcing of jobs. Under the agreement, companie...

Office workers in New Taipei win NT$1 million in scratch game

TAIPEI (Taiwan News) — Four office workers in New Taipei tried their luck on Lunar New Year special edition lottery scratch tickets and took home a NT$1 million (US$35,730) prize. In a statem...

Taiwan sanitation worker finds red envelope containing NT$284,000 in recycled clothing

TAIPEI (Taiwan News) — While sorting through clothes donated for recycling, a resource recovery officer found NT$283,930 (US$10,140) stuffed in red envelopes and returned the money to the owners...

Goldman Sachs' profits more than double, despite pandemic

NEW YORK (AP) — Goldman Sachs said its profits more than doubled from a year earlier thanks to a surge in both trading and advising revenue. The New York-based investment bank said i...

Mexican president presents bill to ban outsourcing of jobs

MEXICO CITY (AP) — President Andrés Manuel López Obrador said Thursday that he will propose legislation to Mexico's congress that would ban subcontracting or outsourcing of jobs by private companies, ...

Mexican president pledges to ban outsourcing of jobs

MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador proposed Tuesday a blanket ban on sub-contracting or outsourcing of jobs by private companies, saying the practice has been abused to a...

Mexico president sticks to modest economic recovery plan

MEXICO CITY (AP) — Mexico President Andrés Manuel López Obrador promised Monday to stick with his modest economic recovery plan after the country’s main business groups reacted negatively to the propo...