Focus Taiwan
Date: 2019/01/16
By: Wei Shu and Frances Huang

Taipei, Jan. 16 (CNA) The Formosa Plastics Group (FPG), one of the leading conglomerates in Taiwan, will hand out year-end bonuses of 5.83 months’ salary to its employees, one of its labor unions said Tuesday.

In addition, each worker will receive a gift of NT$15,000 (US$487) ahead of the Lunar New Year holiday, which starts Feb. 2, the union said.

Wu Chi-chung (吳祈忠), head of the worker’s union of Nan Ya Plastics Corp., said the year-end bonus was decided in an agreement between FPG President Wang Wen-yuan (王文淵) and the workers’ unions of the FPG subsidiaries after more than one hour of discussions on Tuesday.

The year-end bonus plus the cash gift will amount to almost six months’ salary for most employees, he said.    [FULL  STORY]