A Taiwanese container transportation and shipping company, Evergreen has announced bonuses worth 50 months’ salary.
The amount for bonuses for employees varies depending on an employee’s job grade and function and is only applicable to staff. The company has added this is the year-end bonuses are always based on the company’s performance for the year.
Evergreen said that the year-end bonus was decided by the performance for the year and the individual performance of employees. The employees will be given 10 to 45 months’ salary as a bonus. Evergreen Marine has given a maximum of 52 months of salary as a bonus to the employees who have performed well.
The employees with Taiwan-based contracts will be able to avail themselves of the perks. However, the Shanghai-based employees have complained of unfair treatment.
According to a report from Caixin, These employees have received a bonus of only five to eight times their monthly wage. However, shipping companies have warned that rapidly weakening global growth. The company is set to record three times the revenue it recorded in 2020. The most recent in 2022 the total revenue amounts to around USD 20.7 billion.
Since its establishment by Dr. Yung-Fa Chang on 1 September 1968, Evergreen Marine has secured its place in shipping history.
Since those early days, it has not only survived but positively thrived on hard work and perseverance, until today it boasts a fleet of over 160 container vessels. Both in terms of the magnitude of its fleet and its cargo loading capacity, EMC ranks among the world’s leading international shipping companies.
With 315 service locations, EMC covers 114 countries with its shipping network. Evergreen’s network includes several east-west routes linking southeast Asia, Hong Kong, Taiwan, Mainland China, Korea, and Japan with the east and west coasts of the US. It also provides services from Japan, Korea, Mainland China, Taiwan, Hong Kong, and Southeast Asia to Europe and the Mediterranean.