The China Post
Date: December 10, 2016
By: CNA
TAIPEI–Tonlin Department Store Co. (統領百貨), one of Taiwan’s oldest department store operators,
Tonlin Department Store located near Taoyuan’s train station is seen in this photo taken Friday, Dec. 9 following news that it plans to cut its workforce. Tonlin has struggled amid escalating competition from rivals. (CNA)
said Friday that its Taoyuan branch is planning to cut its workforce by laying off more than 100 workers.
The Taoyuan branch, located in front of the Taoyuan train station, began operations 21 years ago, serving as an important venue for residents in Taoyuan City for shopping and entertainment.
However, the outlet has failed to counter escalating competition as its rivals such as Shin Kong Mitsukoshi Department Store (新光三越) and Far Eastern Department Store (遠東百貨) have expanded their operations in the same downtown area.
The booming e-commerce industry has also taken business from the physical retail sector, posing a greater threat to the store, which has a relatively smaller scale of economy compared to its larger rivals.
Tonlin said that it would abide by the Labor Standards Act and other related labor regulations to carry out the layoffs. The employer and its employees have entered negotiations on the layoffs and the amount of compensation is still being calculated, Tonlin officials said. [FULL STORY]
