Committee to unfreeze KMT bank account

Taipei Times
Date: Jan 20, 2017
By: Sean Lin / Staff reporter

The Ill-gotten Party Assets Settlement Committee yesterday said that it would unfreeze the Chinese Nationalist Party’s (KMT) Bank SinoPac account so it can pay its employees’ salaries and bonuses.

“On the grounds of protecting the rights of the KMT’s employees, the committee will allow it to withdraw from its Bank SinoPac account to pay its employees this month’s salaries and year-end and performance bonuses,” committee Chairman Wellington Koo (顧立雄) said after a closed-door “compulsory” negotiation with KMT officials and its employees, which was held at the request of the Taipei Department of Labor.

After the KMT’s account was frozen by the committee last year, it has experienced difficulty paying its employees.

The money from the account should be used to pay salaries and bonuses, while the remainder may be used to pay severance fees and pensions due to a planned mass layoff, Koo said, but added that the KMT cannot use the funds to pay employees it has rehired.    [FULL  STORY]

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