Reported about 1 year ago
China Post faced a first-time Class B rating in their work evaluation due to a loss of 16.5 billion NT dollars in three major operations, potentially leading to their 26,000 employees not receiving the maximum bonus of 4.4 months. The company attributes the loss to increased hedging costs in life insurance, and despite meeting their profit target for the year, the evaluation score of 79 points resulted in the lower rating. Concerns have been raised regarding fairness and the impact on employee bonuses.
Source: YAHOO