Evergreen

Taiwanese shipping company Evergreen announced on Tuesday (14 Mar) that it will give 10 months' salary as mid-year bonus to employees.

The company has almost 3,100 employees who earn an average of NT$60,000 (S$2,600) a month. [Taiwanese Shipping Company Evergreen Rewards Employees With Up To 52 Months’ Year-End Bonuses] Evergreen Marine president Hsieh Huey-chuan said that the company’s profits for the first two months of 2023 was NT$44.922 billion (S$1.9 billion), a year-on-year decline of 59.94%. In total, employees will enjoy bonuses worth around 60 months’ worth of salary for 2022. [up to 52 months’ worth of bonuses](https://mustsharenews.com/taiwanese-evergreen-bonuses/) for the year 2022. This means that each of them will receive a mid-year bonus that equals to 10 to 11 months’ pay.

Profits surge to $12bn as Taiwan liner operator continued to benefit from container market boom.

Yang Ming, with a historically high profit of $6.06bn, has trumped its compatriot peers Evergreen and Wan Hai Lines in rewarding bonuses.

The carrier said: “Wan Hai has many newbuilding orders and wants to build up cash holdings. The bond issuance coincides with unconfirmed reports that Wan Hai has ordered another 3,033 teu ship at Japan Marine United Corp/Nihon Shipyard, where it already has 41 similar vessels under construction. The carrier has set aside $24.36m for bonuses, and each employee will get about $21,583, or some 12 to 13 months of salariy. This exceeds the $63m Evergreen has earmarked for bonuses, which average $20,907 per employee. A dividend of $0.16 per share has been declared. The largest of the Taiwanese container lines, it achieved a $10.9bn net profit last year, up 40% from 2021, and a dividend of $2.28 per share will be paid to shareholders.

HUAT AH! Evergreen Marine WAN SUI! Tia gong the Taiwanese shipping giant is going to reward their workers again, with mid-year bonuses worth another 10 to ...

The professor told The Straits Times that some companies choose to give low fixed monthly salaries for years and reward employees with bigger bonuses instead because it saves them money overall. In a January survey by popular jobs portal Yes123, respondents picked the shipping company as their No. This is especially important given how wages in Taiwan have remained practically frozen for years.

Taipei, March 15 (CNA) Yang Ming Marine Transport Corp., a leading Taiwanese container cargo shipper, will give its employees an average mid-year bonus of ...

The company's net profit in 2022 fell 9.9 percent to NT$93.07 billion after Wan Hai reported a net loss in the fourth quarter. With EPS of NT$87.07 in 2022, the shipper announced Tuesday that it was proposing a cash dividend of NT$70 per share, equal to a payout ratio of about 80.4 percent. Evergreen Marine's planned bonuses were roughly equal to 10-11 months of the average monthly salary of NT$60,000 received by its 3,100 employees after the company posted a record high net profit of NT$334.20 billion in 2022, up 39.82 percent from a year earlier. The shipper had earnings per share of NT$51.71 in 2022, up from NT$48.28 in 2021, and Yang Ming Marine proposed last week to distribute a cash dividend of NT$20 per share, translating to a dividend payout ratio of 38.68 percent. In 2022, Yang Ming Marine posted a record net profit of NT$180.6 billion, up 9.32 percent from a year earlier, while its consolidated sales also hit a fresh high of NT$375.9 billion, up 12.6 percent from a year earlier. In a recent statement, Yang Ming Marine said the bonuses were being issued based on the company's charter, which requires it to pay no less than 1 percent of its profits in mid-year bonuses to employees.