Q4 DOWNTURN? Capital Investment said that ethylene capacity in the US might affect downstream prices in Asia, which, among other factors, could bring net profit down

Taipei Times
Date: Nov 12, 2018
By: Staff writer, with CNA

Formosa Plastics Group (FPG, 台塑集團), the nation’s largest industrial conglomerate, is likely to give employees year-end bonuses equivalent to six months’ salary, FPG chairman William Wong (王文淵) said on Saturday.

As FPG’s bottom line was good in the first three quarters, the group might maintain its policy for Lunar New Year bonuses, Wong said.

In addition, FPG would be giving out red envelopes to employees to express its gratitude for their hard work, he said.

“The amount of cash in the red envelopes has not yet been decided,” Wong said at the group’s annual sports day.    [FULL  STORY]