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Taiwan Railways mulls fare increase after restructuring
The Taiwan Railway Corporation embarks on a transformative journey in 2024, grappling with fare adjustments, financial challenges, and a potential labor shortage. Chiou Yu-chiun provides insights into the future of the state-owned enterprise amid these pivotal changes.2024/01/17 16:40 -
Delivery Hero to close Taipei tech hub amid restructuring
Delivery Hero, the parent company of Foodpanda, will close its global tech hub in Taipei as part of a major restructuring. This decision comes as Delivery Hero faces reduced investor confidence and aims to achieve efficient profitability and sustained growth. However, Taiwan’s Foodpanda assured that its operations in Taiwan will not be affected by the closure. The company also clarified that the recent organizational adjustments will not impact its operations or organizational structure in Taiwan, and no staff members in Taiwan will be laid off as part of this restructuring.2023/12/19 16:06 -
Quanta Computer raises salaries to beat inflation
Taiwan’s major contract manufacturer, Quanta Computer, has announced that it will adjust its employee salary structure in response to inflation and talent retention. Starting in December, the salary adjustments will be based on job grades, with employees in the 8th job grade receiving an increase of NT$3,000. According to the Taiwan Stock Exchange’s corporate employee salary information from June, the average annual salary for non-supervisory full-time employees at Quanta in 2022 reached NT$1.501 million. This marks the third consecutive year that Quanta has raised salaries, with structural pay adjustments also made in 2021 and 2022. The company has clarified that the current restructuring will not affect the annual raises based on performance and division alignment. Additionally, Quanta plans to implement a flexible working hours system, reinstating the flexible work hour system adopted during the pandemic period at its headquarters in Taiwan. This will allow employees to start their day between 7 a.m. and 9 a.m. and leave between 4 p.m. and 6 p.m.2023/11/22 16:51 -
P. LEAGUE+ names Richard Chang as new president
Richard Chang, a prominent figure in Taiwanese basketball, has been appointed as the inaugural president of the P. LEAGUE+. This restructuring marks a new era for the league, which aims to elevate its status with Chang’s extensive experience and business acumen. Chang, who has a background in national player experience and commercial governance, is expected to lead the league into version 2.0. He played for McDonald’s in Taiwan and represented the Chinese Taipei men’s national basketball team in the 1980s. Additionally, Chang has worked for over 30 years at Costco Wholesale Inc., where he currently serves as the president of its Asian division.2023/11/06 20:46 -
Taiwan Policy Act clears U.S. senate committee
The United States Senate Foreign Relations Committee cleared the "Taiwan Policy Act" with a 17-5 bipartisan vote. According to its sponsors, the bill is "the most comprehensive restructuring of U.S. policy towards Taiwan since the Taiwan Relations Act of 1979."2022/09/23 14:06