Taiwan Business Quick Take

Staff writer, with CNA

Tue, Dec 17, 2013 - Page 14


Unpaid leave figure drops

The number of employees on unpaid leave has dropped by 40 percent to 1,429 in the past two weeks, statistics from the Council of Labor Affairs showed yesterday. As of Sunday, 2,172 workers from 38 companies had reached an agreement with their employers to take unpaid leave, with 1,429 already on a furlough, statistics showed. The numbers were lower than the Nov. 30 figures, when 2,386 workers at 41 companies had agreed to unpaid leave, while 2,366 were already on a furlough. The latest number of workers on furlough is the lowest since Aug. 15, when 663 people were on unpaid leave, the council’s data showed.


Fund to back startups

The government’s National Development Fund plans to allocate NT$100 million (US$3.3 million) over five years to back local startups. Under the program, approved by the Council for Economic Planning and Development yesterday, grants are to be provided to companies that are less than three years old and new businesses that are being established, according to officials. Individual or companies will be able to apply for up to 40 percent of their overall operating costs or NT$10 million, whichever is less. Each recipient will be required to pay back the grant sometime between the third and seventh year after receiving it.