With the Council of Labor Affairs (CLA) under increasing pressure in the face of large-scale layoffs and a rising unemployment rate, CLA Minister Wang Ju-hsuan (王如玄) said yesterday in the Legislative Yuan that the ministry has come up with a new plan to help stabilize the employment market and upgrade the professional skills of workers.
The “plan to enhance employment skills in the short term,” is also aimed at discouraging enterprises from laying off workers.
Under the program, enterprises that provide on-the-job training courses for their employees would be eligible to apply for subsidies of between NT$950,000 (US$28,788) and NT$1.9 million over a period of six months, depending on the size of the business.
Workers who participate in the program will also be entitled to a monthly subsidy of up to NT$10,000 over a maximum period of six months.
The subsidy will be provided to businesses on condition they maintain their workforce size, do not lay off any of the employees attending the training courses and pay their staff at least the minimum wage of NT$17,280 per month.
The CLA estimates that around 5,600 enterprises will apply to join the program, which means that the total number of subsidized workers will be 168,000. This will require a budget of around NT$15.97 billion, the CLA said.
“We expect that the government’s plans to expand domestic demand will help boost the job market next year,” Wang said when asked by legislators if unemployment would surge again once the subsidy period expires.
The government has launched a NT$500 billion plan over four years to expand domestic demand and enhance infrastructure development, which is expected to boost the employment rate and GDP.
In a coordinated effort, the Cabinet-level CLA launched a program in October to subsidize enterprises and governmental units that hire people who have been unemployed for a long time for up to six months.
To date, 13,518 people have been hired under the program, the CLA said.
AI SERVER DEMAND: ‘Overall industry demand continues to outpace supply and we are expanding capacity to meet it,’ the company’s chief executive officer said Hon Hai Precision Industry Co (鴻海精密) yesterday reported that net profit last quarter rose 27 percent from the same quarter last year on the back of demand for cloud services and high-performance computing products. Net profit surged to NT$44.36 billion (US$1.48 billion) from NT$35.04 billion a year earlier. On a quarterly basis, net profit grew 5 percent from NT$42.1 billion. Earnings per share expanded to NT$3.19 from NT$2.53 a year earlier and NT$3.03 in the first quarter. However, a sharp appreciation of the New Taiwan dollar since early May has weighed on the company’s performance, Hon Hai chief financial officer David Huang (黃德才)
The Taiwan Automation Intelligence and Robot Show, which is to be held from Wednesday to Saturday at the Taipei Nangang Exhibition Center, would showcase the latest in artificial intelligence (AI)-driven robotics and automation technologies, the organizer said yesterday. The event would highlight applications in smart manufacturing, as well as information and communications technology, the Taiwan Automation Intelligence and Robotics Association said. More than 1,000 companies are to display innovations in semiconductors, electromechanics, industrial automation and intelligent manufacturing, it said in a news release. Visitors can explore automated guided vehicles, 3D machine vision systems and AI-powered applications at the show, along
FORECAST: The greater computing power needed for emerging AI applications has driven higher demand for advanced semiconductors worldwide, TSMC said The government-supported Industrial Technology Research Institute (ITRI) has raised its forecast for this year’s growth in the output value of Taiwan’s semiconductor industry to above 22 percent on strong global demand for artificial intelligence (AI) applications. In its latest IEK Current Quarterly Model report, the institute said the local semiconductor industry would have output of NT$6.5 trillion (US$216.6 billion) this year, up 22.2 percent from a year earlier, an upward revision from a 19.1 percent increase estimate made in May. The strong showing of the local semiconductor industry largely reflected the stronger-than-expected performance of the integrated circuit (IC) manufacturing segment,
COLLABORATION: Softbank would supply manufacturing gear to the factory, and a joint venture would make AI data center equipment, Young Liu said Hon Hai Precision Industry Co (鴻海精密) would operate a US factory owned by Softbank Group Corp, setting up what is in the running to be the first manufacturing site in the Japanese company’s US$500 billion Stargate venture with OpenAI and Oracle Corp. Softbank is acquiring Hon Hai’s electric-vehicle plant in Ohio, but the Taiwanese company would continue to run the complex after turning it into an artificial intelligence (AI) server production plant, Hon Hai chairman Young Liu (劉揚偉) said yesterday. Softbank would supply manufacturing gear to the factory, and a joint venture between the two companies would make AI data