Group goes ahead with annual pay raise amid losses from coronavirus

Taiwan News
Date: 2020/07/07
By: Huang Tzu-ti, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — The Formosa Plastics Group (FPG, 台塑集團) has announced a one percent pay raise for rank-and-file employees despite revenue being affected by the coronavirus pandemic.

The decision was agreed upon by William Wong (王文淵), chairman of FPG, and the group’s labor union representatives in a meeting on Tuesday (July 7). FPG is a long-standing conglomerate in Taiwan whose business interests span plastics, biotech, petrochemical, energy, and transportation.

According to the wage adjustment plan, non-management workers will see their monthly salary increased by one percent, plus an NT$3,300 (US$112) bonus. The one percent raise translates to around NT$500 for the average monthly payment of NT$54,800, reported UDN.
[FULL  STORY]