Wage hike amendments to be approved

The China Post
Date: April 20, 2015
By: CNA

TAIPEI–Lawmakers across party lines are expecting amendments to two out of four acts aimed at attracting the private sector to reduce working hours and raise wages for employees to see swift approval Friday.

The proposed amendments to the Company Act (公司法), the Factory Act (工廠法), the Labor Standards Act (勞動基準法) and the Small and Medium Enterprises Development Act (中小企業發展條例) would bring wage raises to employees by requiring companies to establish profit sharing schemes.

The proposed amendments to two of the four act, including those to the Company Act calling for companies to allocate a lump sum or percentage of earnings towards profit sharing schemes, and to the the Factory Act requiring profitable firms to distribute earnings to employees, are expected to see the least dissent, and be approved next Friday, said ruling Kuomintang lawmaker Lai Shyh-bao (賴士葆).     [FULL  STORY]

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