This company is rewarding employees with 4 years’ salary as a bonus; here’s why
Taiwan-based Evergreen Marine Corp,founded by Chang Yung-fa in 1968,is rewarding some of its employees with incentives in honor of a remarkable year, handing out bonuses worth 50 month’s salary or 4 years. The Taipei-based shipping company is handing out year-end bonuses equal to 50 months’ salary, or more than four years’ pay, on average, according to a person familiar with the matter.
Evergreen Marine Corp.
Transport company
- Parent organization: Evergreen Group
- Owner: Evergreen Group
- Headquarters: Taipei City, Taipei, Taiwan
- Founder: Chang Yung-fa
- President: Huey-Chuan Hsieh
- Founded: 1968
The person saidtheStellar bonus has been received only by those people who are currently working in Taiwan. The bonus was given to the concerned employees based on their job grade, and work. Evergreen Marine Corporation Company is based in Taipei.
However, Evergreen Marine Corporation has refused to reveal much about this initiative. The company said in a statement released on Friday that the bonus received at the end of the year is given to the employee based on their performance and the performance of the company.
Three times more profit
Evergreen Marine’s generosity is the result of an unprecedented industry-wide shipping boom over the past two years, driven by a pandemic-fueled surge in demand for consumer goods and freight rates. The company’s 2022 revenue is expected to soar to a record NT$634.6 billion ($20.7 billion), more than three times its 2020 sales.
Employees called it discrimination
Evergreen Marine, which made news for all the wrong reasons in 2021 when a ship it operates was stuck in the Suez Canal, rowing supply chains, has doled out bonuses of up to 52 months’ salary, Taipei’s Economic Daily News reported last week. However, not every employee associated with this company has received this much bonus. At the same time, the company’s employees present in Shanghai have called it discrimination. These employees said that they got only 5 to 8 times the bonus of the monthly salary.
The performance of this shipping company in the stock market has been mixed in the last few years. In the year 2021, the company’s stock saw an increase of 250 percent. At the same time, last year, the company’s stock also saw a decline of 54 percent.
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