Ta Chong Bank employees set to strike over acquisition deal

Focus Taiwan
Date: 2016/01/11
By: Chiu Yi-shu and Lee Hsin-Yin

Taipei, Jan. 11 (CNA) The labor union of the Ta Chong Bank (大眾銀行), one of 201601110024t0001Taiwan’s smaller banks, announced Monday that its employees could go on strike before the Lunar New Year amid a labor dispute brought about by an acquisition deal.

With an 88.99 percent voter turnout of some 2,000 union members on Jan. 9, 83.87 percent expressed support for the strike, said union head Huang Yi-jen (黃怡仁), adding that details of the strike will be released by Jan. 22 if the management refuses to compromise.

According to the union, Ta Chong did not have discussions with its employees regarding their rights before accepting the acquisition by Taipei-based Yuanta Financial Holding Co. (元大金) last year.

Yuanta has said that it plans to cut employee benefits, including preferential deposit interest rates, a move that the union refuses to accept.     [FULL  STORY]

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