Bumper profit then 50 months salary in bonus
A shipping company has made so much profit this year that it has opened the treasury for its employees. According to a Bloomberg report, Taiwan’s shipping company Evergreen Marine has done a business of about $ 20.7 billion this year. After this, the company has released the bonus amount given to its employees at the end of the year equal to 50 months’ salary or more than four years’ salary at one go. According to the person citing whom this report has come out, this benefit has been given to the employees on the basis of their job grade and responsibilities.
Bonus issued at the end of the year
However, the person, who requested anonymity, said that only Taiwan-based contract staff would get the mega bonus. In a statement released on Friday, Evergreen Marine only said that the year-end bonus is based on the individual performance of the company and its employees that year, but refused to give more details about it. .
Company’s profit tripled in two years
The generosity that Evergreen Marine has announced for its employees is the result of an unprecedented boom in the shipping industry in the past two years. The reason for this is said to be the increase in demand for consumer goods due to the Corona epidemic and the rise in freight rates. In 2022, its revenue is expected to increase to a total of $ 20.7 billion, which is more than three times that of 2020.
Some employees got more than 53 lakh rupees ($ 65,000)
This is the same Evergreen Marine Company, which came into limelight in the year 2021 for all the wrong reasons. One of its cargo ships was stuck in Suez city, due to which the entire global supply chain got stuck. However, Taipei’s Economic Daily News reported last week that the same company has this time issued bonuses equivalent to 52 months’ salary to employees. According to this news report, on December 30, bonus of more than US $ 65,000 i.e. more than 53 lakh 48 thousand rupees has been received in the accounts of some employees. However, the source of this information was not mentioned in that report.
Chinese staff accused of discrimination
However, it is not as if every employee of Evergreen Marine is open to luck. Caixin has quoted local workers as saying that its employees in Shanghai, China, have accused the company of discrimination. Because, according to this, he has been given only 5 to 8 times more bonus than his salary.
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This year, warnings are being given regarding profits
However, there are warnings from the shipping industry that even though the fortunes of the employees of this company have shone in the last year. However, due to slowing global growth and fall in freight, profits may take a hit this year. For instance, Evergreen Marine’s stock has gained 54% in the last year, whereas, in 2021, it has recorded an increase of 250%.