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SAFETY4SEA

Evergreen: Employees get bonuses of up to four years salaries

by The Editorial Team
January 11, 2023
in Shipping
evergreen

Above image is used for illustration purposes only

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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.

The 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.

RelatedNews

Major shipping carriers unite to improve safety of cargo

Maersk sues Evergreen over Suez Canal blockage in 2021

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.

Tags: Evergreen

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