Bowa Bank (
The union demanded that the Central Deposit Insurance Corp (CDIC, 中央存保) -- which took over the bank's management in early August after Bowa failed to strengthen its capital base -- agree to terms with a new buyer that include a minimum 60 percent employee retention under a two-year contract before closing the auction on Jan. 31, a union representative said.
Of the bank's 1,100 employees, 810 attended Saturday's union meeting in Taipei and sanctioned the strike proposal, union head Jerry Hsieh (
"Both Enterprise Bank of Hualien (
The CDIC had previously suggested a 50 percent retention, but Hsieh said the bank's union would never accept such a high cut, adding that the security of employees' jobs is the union's topmost priority.
Other than the minimum 60 percent employee retention, the union requested that the new buyer make no changes to the retained employees' salaries and duties, with preferential compensations to those who are laid off, Hsieh said.
He did say, however, that the union hopes to use the strike as a last resort as escalating tension between bank employees and the new buyer may weigh on the bank's planned auction, which employees hope will lure as many bidders as possible.
State-owned Taiwan Business Bank (
Hsieh said the Council of Labor Affairs (
In related news, Standard Chartered PLC's (
The Standard Chartered union was formed by employees who worked for Hsinchu International Bank (新竹商銀) before it was acquired by Standard Chartered.
BYPASSING CHINA TARIFFS: In the first five months of this year, Foxconn sent US$4.4bn of iPhones to the US from India, compared with US$3.7bn in the whole of last year Nearly all the iPhones exported by Foxconn Technology Group (富士康科技集團) from India went to the US between March and last month, customs data showed, far above last year’s average of 50 percent and a clear sign of Apple Inc’s efforts to bypass high US tariffs imposed on China. The numbers, being reported by Reuters for the first time, show that Apple has realigned its India exports to almost exclusively serve the US market, when previously the devices were more widely distributed to nations including the Netherlands and the Czech Republic. During March to last month, Foxconn, known as Hon Hai Precision Industry
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and the University of Tokyo (UTokyo) yesterday announced the launch of the TSMC-UTokyo Lab to promote advanced semiconductor research, education and talent development. The lab is TSMC’s first laboratory collaboration with a university outside Taiwan, the company said in a statement. The lab would leverage “the extensive knowledge, experience, and creativity” of both institutions, the company said. It is located in the Asano Section of UTokyo’s Hongo, Tokyo, campus and would be managed by UTokyo faculty, guided by directors from UTokyo and TSMC, the company said. TSMC began working with UTokyo in 2019, resulting in 21 research projects,
Taiwan’s property market is entering a freeze, with mortgage activity across the nation’s six largest cities plummeting in the first quarter, H&B Realty Co (住商不動產) said yesterday, citing mounting pressure on housing demand amid tighter lending rules and regulatory curbs. Mortgage applications in Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung totaled 28,078 from January to March, a sharp 36.3 percent decline from 44,082 in the same period last year, the nation’s largest real-estate brokerage by franchise said, citing data from the Joint Credit Information Center (JCIC, 聯徵中心). “The simultaneous decline across all six cities reflects just how drastically the market
Ashton Hall’s morning routine involves dunking his head in iced Saratoga Spring Water. For the company that sells the bottled water — Hall’s brand of choice for drinking, brushing his teeth and submerging himself — that is fantastic news. “We’re so thankful to this incredible fitness influencer called Ashton Hall,” Saratoga owner Primo Brands Corp’s CEO Robbert Rietbroek said on an earnings call after Hall’s morning routine video went viral. “He really helped put our brand on the map.” Primo Brands, which was not affiliated with Hall when he made his video, is among the increasing number of companies benefiting from influencer
RSS