Almost 40% of Taiwan firms will not pay year-end bonuses: poll

Focus Taiwan
Date: 2015/11/12
By: Tsai Yi-chu and Frances Huang

Taipei, Nov. 12 (CNA) Nearly 40 percent of employers in Taiwan have said they will not give year-end bonuses to their workers this time around as the domestic economy is slowing down and global demand is dropping, according to survey released Thursday.

The poll by local online job bank yes123 showed that while 38 percent of companies will maintain the tradition of paying their workers a bonus around the end of the current Lunar Year that wil fall in early next February, 52 percent will not, and 10 percent are still undecided.

However, among those companies that plan to pay bonuses, some in the high-tech and old economy sectors that depend heavily on exports will offer smaller bonuses than last year, said Yang Tsung-pin (楊宗斌), a spokesman for yes123.     [FULL  STORY]