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Labor shortages prompt overtime work in Taiwan’s industries
Discover how the global economic recovery and labor shortages are leading to increased overtime work in Taiwan’s manufacturing and industrial sectors, impacting workers’ preferences and job market dynamics.2024/04/11 17:28 -
Taiwan considers 4-day workweeks amid challenges
Discover how a Taiwanese cybersecurity firm’s adoption of a four-day workweek has led to increased efficiency and improved work-life balance, setting a trend amidst global shifts towards reduced work hours.2024/02/29 16:47 -
Top 5 news of 2023 to influence Taiwan’s general elections
Taiwan’s selection of "Que" (缺), reflecting shortages and challenges in 2023, sets a pivotal backdrop for the upcoming General Elections. Key events like diplomatic shifts, the #MeToo movement, defense upgrades, TSMC’s global expansion, and political alliances define Taiwan’s future.2023/12/29 18:28 -
Taiwan’s MOL reports surge in furloughed workers
The Ministry of Labor reported a significant increase in the number of furloughed workers, with the manufacturing industry being the most affected. The labor ministry also predicted a high demand for labor in the accommodation and food services industry and the wholesale and retail trade sector. The global labor shortage crisis has led to businesses implementing solutions such as cross-training to boost productivity. The Regent Taipei successfully reduced its labor shortage rate through cross-training and creating a positive work environment. Fair wages and a positive work environment are believed to be key factors in employee retention.2023/12/26 15:52 -
Nien Hsing Textile to shut down denim mill amid losses
Nien Hsing Textile Co., Ltd. announces the closure of its denim mill in Houlong Township, Miaoli County, due to significant operational losses. The Taiwan-based global jeans manufacturer faces challenges including fluctuating cotton prices and a tough consumer market.2023/11/22 11:41 -
MOEA ensures sufficient land for semiconductor industry
The Ministry of Economic Affairs (MOEA) reassures that Taiwan has sufficient land for the semiconductor industry, despite concerns over shortages in land, water, energy, labor, and talent. Media reports claimed that Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) had abandoned its Longtan plant, highlighting potential issues in the semiconductor industry. However, the MOEA states that it is actively working on land allocation and expansion plans in science parks and industrial parks. The government aims to meet all land requirements for industry expansion and new factories, while providing full services to manufacturing businesses. The MOEA is fully committed to assisting semiconductor companies in developing in Taiwan, with the goal of maintaining Taiwan’s dominant role in global semiconductor manufacturing.2023/11/09 15:05