Despite economic slowdown, big business groups to give bonuses

Focus Taiwan
Date: 2016/01/02
By: Wei Shu and Frances Huang

Taipei, Jan. 2 (CNA) Taiwan’s economy was sluggish in 2015, but some big

FPG headquarters in Taipei.

FPG headquarters in Taipei.

conglomerates are still planning to dole out year-end bonuses to their employees, market sources said Saturday.

The sources said that among these business groups, the Formosa Plastics Group (FPG, 台塑集團) is likely to give bonuses equal to at least four months of salary, even as its bottom line has been hurt by plunging international crude oil prices.

FPG and other business heavyweights have laid a sound foundation after years of development and have been able to fend off the headwinds under the current unfavorable economic conditions, the sources said.     [FULL  STORY]

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