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TAIPEI – Taiwanese shipping giant Evergreen Marine has rewarded employees with massive year-end bonuses worth between 10 and 52 months of salary each, after posting bumper 2022 profits. Local media outlets reported how most of the company’s junior workers with a monthly salary of NT$40,000 (S$1,750) took home a bonus worth NT$2 million each last weekend, which is equivalent to four years’ pay. The 2022 payout is even higher than the 40 months’ bonus that 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. Thanks to the rebound of global container shipping lines following pandemic lockdowns, as well as soaring shipping prices, the company reported a net profit of NT$304.35 billion for the first three quarters of 2022. The 2022 financial year earnings are expected to be released in March 2023. “The company had good earnings and lots of surplus cash. As it is not aggressively expanding its business operations, it gave some of that cash in the form of bonuses to reward employees, which I think is very reasonable,” said Professor Chiou Jiunn-rong, an economics expert from the National Central University in Taiwan. Evergreen Marine did not immediately respond to The Straits Times’ request for comment, though it previously told local reporters that workers were compensated based on their performance.

Folks please take note that there is a recall on this Evergreen brand of Manuka honey from NZ. I myself have bought a few tubs and it is selling at many department stores like Robinson and Metro. http://www.channelnewsasia.com/news/singapore/recall-of-manuka-honey/2552384.html http://www.ava.gov.sg/docs/default-source/press-releases/media-release_recall-of-evergreen-life-manuka-honey-from-new-zealand.pdf