Wed, Jan 09, 2013 - Page 1 News List

Premier defends Shih in bonus row

OUT OF TOUCH:Lawmakers were demanding that the economics minister be replaced for proposing hefty bonuses for workers at loss-making state-owned firms

By Shih Hsiu-chuan  /  Staff reporter

This came following the legislature’s decision to slash company bonuses, adding that the government was determined to push reforms.

“Some state-run businesses are in a monopolistic market and some face tough competition. Their situation might differ, but we support reform for all. The Executive Yuan also supports such reforms,” said Ma, who doubles as the Chinese Nationalist Party (KMT) chairman.

He added that state-run firms should adopt the same principles as private firms and offer bonuses only when the companies made a profit.

The Democratic Progressive Party (DPP) said it supported the institutionalization of a bonus mechanism for state-owned enterprises because it serves the country’s interests and is fair.

DPP spokesperson Lin Chun-hsien (林俊憲) added that trade union members of state-owned enterprises are entitled to protest against the policy, but they are encouraged to “think about social justice and the nation’s current financial status” before staging a protest.

Additional reporting by Mo Yan-chih, Chris Wang and staff writer

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