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Windfall bonuses for Evergreen workers: reports

Author:   Posttime:2022-01-10

STAFF at Evergreen's compatriot rivals have become envious after Taiwan's largest liner operator gave some employees a year-end bonus of as much as 40 months of their salaries.

The bumper bonus was revealed when an Evergreen employee shared a screenshot of funds the company deposited into his bank account.
Some Evergreen employees have received about NT$2 million (US$72,228) in individual bonuses, local media reports said.
The shipping giant did not confirm the amount of individual bonuses, but said that each employee was compensated based on performance.
Despite the high-profile grounding of one of its ships in the Suez Canal in March, Evergreen has achieved a cumulative net profit of US$5.69 billion for the first nine months of 2021 and stock analysts believe the company's full-year net profit could be around US$7.24 billion.
In 2020, Evergreen booked a net profit of $860 million and dished out 10-month bonuses to staff. As the company's 2021 earnings are predicted to jump nearly 10 times, staff bonuses have also grown.
Evergreen's next-largest peer, Yang Ming Marine Transport Corp, rewarded its employees with up to eight months of salary as year-end bonuses, several media outlets reported, without disclosing how the information was obtained, according to the Taipei Times.

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