Over 50 firms’ raises match, top TSMC’s

BUCKING THE TREND:Numerous listed companies have announced their plans to hike salaries between 1 and 15 percent, in contrast to the nation’s stagnating wages

Taipei Times
Date: May 01, 2017
By: Staff writer, with CNA

More than 50 firms listed on the local main board and the over-the-counter market plan to give their employees a pay raise matching or beating a raise announced by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), data showed on Saturday.

TSMC, the world’s largest pure foundry operator, last week announced that it would raise its employees’ salaries by between 3 and 5 percent this year, the same as last year, making the chipmaker an exception in the nation, where wages have stagnated for years.

TSMC has been dubbed one of the “happy enterprises,” because it raises wages every year.

Numerous listed companies are planning to follow TSMC’s example, according to their filings to the Taiwan Stock Exchange (TWSE).    [FULL  STORY]

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