Shipping giant Evergreen pays up to 52 months of bonus to employees after bumper 2022.

Taiwanese shipping giant Evergreen Marine Corp has rewarded employees with massive year-end bonuses worth between 10 and 52 months of salary each, after posting bumper 2022 profits.

 

KUALA LUMPUR: Taiwanese shipping giant Evergreen Marine Corp has rewarded employees with massive year-end bonuses worth between 10 and 52 months of salary each, after posting bumper 2022 profits.

The Straits Times, quoting local media outlets, reported how most of Evergreen’s junior workers with a monthly salary of NT$40,000 (S$1,750) took home bonuses worth NT$2 million each last weekend, which was equivalent to four years’ pay.

The 2022 payout is even higher than the 40 months’ bonus which the company paid in 2021, which had set a record at the time for the highest year-end bonus ever paid by a listed Taiwanese company.

Evergreen posted a net profit of NT$304.35 billion for the first three quarters of 2022.

This was due to the rebound of global container shipping lines following pandemic lockdowns, as well as soaring shipping prices.

 

While its employees celebrated, workers in some of its parent company Evergreen Group’s other divisions, particularly the airline business, were not too pleased as they reportedly received much smaller bonuses.

Evergreen’s FY2022 earnings are expected to be released in March 2023.

 

By NST Business. 4 Jan 2023.
Source: New Strait Times. https://www.nst.com.my/business/2023/01/867174/shipping-giant-evergreen-pays-52-months-bonus-employees-after-bumper-2022. 9 January 2023.

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