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Chunghwa Express to discuss bonuses amid labor disputes
Chunghwa Express Co. is set to discuss performance bonuses and collective agreements at an upcoming board meeting in an effort to resolve ongoing labor disputes and prevent potential strikes. The company’s union has warned of continued protests and strikes if a collective agreement is not signed, following a dispute over low wages and performance bonuses. Union members recently staged a sit-in protest at the campaign headquarters of a presidential candidate, leading to their forcible removal by riot police. The union hopes that a collective agreement can be reached promptly to protect employee rights, but has declared that it will not accept the board’s consideration of annual performance bonuses alone. If no resolution is reached, strike actions could disrupt check and document distribution at 1,400 local bank branches ahead of the Lunar New Year.2023/12/28 09:06 -
TSMC CEO C.C. Wei nominated as next chair
The Taiwan Semiconductor Manufacturing Company (TSMC) has announced that its current CEO, C.C. Wei, is set to be nominated as the next chairman in the June 2024 board election. This comes after the current chairman, Mark Liu, revealed that he will not seek re-nomination and plans to retire after next year’s shareholder meeting. Liu, who joined TSMC in 1993, became chairman in June 2018 following the retirement of company founder Morris Chang. He expressed his desire to continue making a difference in the semiconductor industry using his decades of experience while also spending more time with his family. Despite varied opinions on Liu’s retirement, there is a consensus that TSMC’s stable corporate governance is unlikely to be affected in terms of operations and stock performance.2023/12/20 10:45 -
TSMC Chairman Mark Liu to step down after shareholder meet
Mark Liu, Chairman of Taiwan Semiconductor Manufacturing Company (TSMC), will step down after the next shareholders’ meeting. C.C. Wei, currently the vice chairman, has been recommended to succeed Liu as the new chairman. Liu, who took over in 2018, focused on solidifying corporate governance and competitiveness during his tenure. He plans to continue contributing his semiconductor expertise in different capacities after retirement. Liu expresses gratitude for his collaboration with TSMC and intends to spend more time with his family. He remains confident in TSMC’s future performance and is committed to bolstering corporate governance until his term’s end.2023/12/19 22:03