Reported about 1 year ago
The annual salary adjustment meeting of Formosa Plastics Group is set to take place on July 11, with attention focused on the wage increase amid a slowing recovery in the petrochemical business sector. The negotiation will involve the CEO of Formosa Plastics Corporation, Lin Shan-Zhi, and representatives from the four major company labor unions. Despite facing challenges in the petrochemical sector in recent years, the company aims to balance employee welfare and shareholder interests to support sustainable business operations and upgrade transformations. This year, the unions have proposed a 3% wage increase and an additional monthly meal subsidy of 600 yuan to be included in the salary package, totaling a 4% adjustment. As inflation persists and the petrochemical sector's recovery slows down, reaching consensus on maintaining shareholder interests while meeting employee demands is a key concern.
Source: YAHOO