Government to fund back pay for employees of bankrupt CPT

Focus Taiwan
Date: 2019/11/20
By: Wu Hsin-yun and Elizabeth Hsu


Taipei, Nov. 20 (CNA) The Ministry of Labor will pay the wages and other funds owed to more than 1,800 employees of flat panel supplier Chunghwa Picture Tubes Ltd. (CPT), which filed for bankruptcy in September, Labor Minister Hsu Ming-chun (許銘春) said Wednesday.

The back wages, severance pay and pension benefits will come from the government's Arrears Wage Payment Fund, but the amount will fall short of the total NT$1.2 billion (US$40 million) owing to the 1,800 CPT workers who have been laid off and have not been paid, Hsu said in a legislative committee hearing.

Under the Labor Standards Law, she said, the government fund cannot be used in the case of CPT employees to pay more than NT$900 million.

"We want the workers to receive the payment as soon as possible," Hsu said.    [FULL  STORY]

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