Taiwan’s Evergreen Marine is celebrating a standout year by awarding stellar bonuses to some of its staff. Namely, local media reported that the company is handing out year-end bonuses equal to 50 months salary, or more than four years’ pay.
he size of the windfall depends on an employee’s job grade and function and the outsized bonuses are only applicable for staff with Taiwan-based contracts
According to Evergreen Marine, year-end bonuses have always been based on the company’s performance for the year and the individual performance of employees.
The company’s enormous bonuses are the result of an unprecedented industry-wide shipping boom over the past two years, driven by a pandemic-fueled surge in demand for consumer goods and freight rates.
In fact, the company’s 2022 revenue is expected to soar to a record net profit $634.6 billion ($20.7 billion), which is more than triple 2020 sales.