There could be up to 1,219 job openings at the four state-owned enterprises (SOEs) under the Ministry of Economic Affairs’ supervision, but the actual number would depend on the results of this year’s entrance examinations, a ministry official said yesterday.
Taiwan Power Co (台電), Taiwan Water Corp (台灣自來水), CPC Corp, Taiwan (台灣中油) and Taiwan Sugar Corp (台糖) are all facing a wave of vacancies as baby boomers reach retirement age, but the ministry underestimated the number of people eligible to apply for retirement this year, leading it to plan for only 761 openings, Human Resources Department Deputy Director Chen Hui-chen (陳慧珍) said.
“We might increase the number of job vacancies before publishing the final test results,” Chen told the Taipei Times.
The four firms are to hold joint examinations on Nov. 24 in Taipei, Taichung, Kaohsiung and Hualien, and candidates can sign up online for the exams from Friday next week, the ministry said, adding that the closing date would be Aug. 13.
“We hit a record high last year when we recruited 1,399 employees,” Chen said, adding that competition was fierce — just 7.5 percent of test takers were hired.
Government jobs are appealing as they provide relatively stable remuneration and retirement funds.
This year, the four SOEs are offering starting monthly salaries of between NT$36,000 and NT$39,000, the ministry said in a statement.
The unemployment rate rose 0.06 percentage points to 3.73 percent last month compared with May, the Directorate-General of Budget, Accounting and Statistics said on Monday.
The rate averaged 3.68 percent in the first six months of this year, up 0.02 points from last year at this time, it added.
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales
TECH JUGGERNAUT: TSMC shares have more than doubled since ChatGPT’s launch in late 2022, as demand for cutting-edge artificial intelligence chips remains high Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday posted a better-than-expected 39 percent rise in quarterly revenue, assuaging concerns that artificial intelligence (AI) hardware spending is beginning to taper off. The main chipmaker for Nvidia Corp and Apple Inc reported third-quarter sales of NT$759.69 billion (US$23.6 billion), compared with the average analyst projection of NT$748 billion. For last month alone, TSMC reported revenue jumped 39.6 percent year-on-year to NT$251.87 billion. Taiwan’s largest company is to disclose its full third-quarter earnings on Thursday next week and update its outlook. Hsinchu-based TSMC produces the cutting-edge chips needed to train AI. The company now makes more
Protectionism: US trade chief Katherine Tai said the hikes would help to counter unfair trade practices from China, while boosting domestic clean energy investments US Trade Representative Katherine Tai (戴琪) defended stiff tariff hikes against countries such as China, saying that paired with investment, they were a “legitimate and constructive” tool for reinvigorating domestic industries. Tai’s comments come a week after sharp tariff increases on Chinese electric vehicles (EVs), EV batteries and solar cells took effect — with levies down the line on other products also recently finalized. The latest moves targeting US$18 billion in Chinese goods come weeks before next month’s US presidential election, with Democrats and Republicans pushing a hard line on China as competition between Washington and Beijing intensifies. In an interview on Thursday
RSS