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Evergreen reportedly doles out generous year-end bonuses for employees

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TAIPEI : Evergreen Marine Corp., the largest container shipping company in Taiwan, reportedly doled out year-end bonuses of as much as 40 months’ wages to some of its employees on Thursday.

According to local media reports, some Evergreen Marine employees were rumored to have each received some NT$2 million (US$72,312) in bonus.

A couple who were both entry-level supervisors at Evergreen told that they received a combined NT$5 million year-end bonus. The two said they earn a base salary of NT$60,000 and that they have been working at the company for over 10 years.

The shipping giant, however, declined to confirm the number of months except to say that employees each got different amounts and were compensated accordingly as the bonus was based on performance.

Despite the high-profile grounding of one of its ships in the Suez Canal in March, Evergreen Marine reported a net profit of NT$158.27 billion for the first three quarters of 2021, an annual increase of 1347.32 percent, with earnings per share of NT$30.27.

Eric Hsieh , The Company’s President, said during an investors’ conference on Nov. 5 that the revenue growth was the result of increasing freight rates backed by tight supply due to long-standing and unsolved congestion at seaports amid the COVID-19 pandemic.

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