This company gave their staff five years of salary as a bonus

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The company that was operating a container ship that dramatically ran aground in the Suez Canal in 2021 is awash with cash.

Taiwan shipping giant Evergreen Marine is so flush with money that it’s handing out massive bonuses to its 3100 workers.Combined with a huge 50-month bonus they were awarded last December, workers are getting about five years’ worth of pay in bonuses alone.Yearly salaries at Evergreen can range between $29, 545 and $114,823 according to the jobs website Comparably.

Evergreen made a whopping $10.9 billion for the financial year ending 2022. That’s a jump in profit of about 39.82 percent, according to, mainly due to growth in demand for consumer goods during the COVID-19 pandemic and rising geopolitical tensions. Container ship Ever Act, operated by Evergreen Marine Corp. Yearly salaries at Evergreen can range between $44,745 and $171,154.Social media users in Taiwan responded to the news, with one person writing they were “very envious”.Combined with a huge 50-month bonus they were awarded last December, workers are getting about five years’ worth of pay in bonuses alone.Bloomberg Intelligence analysts Kenneth Loh and Eric Zhu warned in March that companies were looking for cheaper prices for shipping.

“We see indications that an increasing number of clients are attempting to renegotiate their long-term contracts with Evergreen, which could drive down the long-term contract freight rates that are key to profitability,”

 

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Why is the money Mao-Tse-Dong? They are paying them Yuan, not Taiwanese $?

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