Average monthly take-home wages picked up 1.5 percent to NT$42,348 (US$1,405) in January, while total pay, including overtime and perks, grew 8.95 percent to NT$102,561 on the back of Lunar New Year bonuses, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The latest wage data have yet to reflect the effects of COVID-19 that have increased the number of people on unpaid leave to more than 2,200 as of Wednesday, it said.
Firms selling metal and machinery products have been hardest hit, while a reduction in working hours is quickly extending to hotels and restaurants.
Photo: Cheng Chi-fang, Taipei Times
“The virus outbreak could weigh on wage data from last month and the agency would closely monitor evolving changes,” DGBAS Deputy Director Pan Ning-hsin (潘寧馨) told a news briefing in Taipei.
In January, take-home pay declined to the slowest rate in three years, DGBAS said, attributing it to fewer working days.
After adjustments for inflation, real average wages fell 0.29 percent from a year earlier, the agency’s data showed.
Wages among companies in the tourism sector fell within normal seasonal rates in January, but things could change going forward, Pan said.
Economists have said that the COVID-19 outbreak could push back an expected recovery in the tech cycle by one to two quarters, if not snapping it altogether.
From India to China to the US, automakers cannot make vehicles — not that no one wants any, but because a more than US$450 billion industry for semiconductors got blindsided. How did both sides end up here? Over the past two weeks, automakers across the world have bemoaned the shortage of chips. Germany’s Audi, owned by Volkswagen AG, would delay making some of its high-end vehicles because of what chief executive officer Markus Duesmann called a “massive” shortfall in an interview with the Financial Times. The firm has furloughed more than 10,000 workers and reined in production. That is a further blow
MOBILE SMART: The Dimensity 1200 is 22 percent better in terms of performance than its predecessor, and 25 percent more power-efficient, the handset chip designer said MediaTek Inc (聯發科) yesterday unveiled its premium 5G processors — the Dimensity 1200 and Dimensity 1100 — as it vies for a larger slice of the world’s rapidly growing 5G smartphone market. Manufactured using Taiwan Semiconductor Manufacturing Co’s (台積電) 6-nanometer process technology, the Dimensity 1200 processor performs 22 percent better than the previous generation Dimensity 1000+ processor, and is 25 percent more power-efficient, MediaTek said. Chinese smartphone brands Xiaomi Corp (小米) and Realme Mobile Telecommunications (Shenzhen) Co (銳爾覓移動通信) are to be the first adopters of the latest Dimensity chips, the companies said during a virtual media briefing. Xiaomi plans to equip its first
‘BROAD RANGE’: The US Department of Commerce intends to deny a significant number of license requests for exports to Huawei, an industry association said US President Donald Trump’s administration notified Huawei Technologies Co (華為) suppliers, including chipmaker Intel Corp, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm, people familiar with the matter told reporters. The action — likely the last against Huawei under Trump — is the latest in a long-running effort to weaken the world’s largest telecommunications equipment maker, which Washington sees as a national security threat. The notices came amid a flurry of US efforts against China in the final days of Trump’s administration. US president-elect Joe
Answering to a reported request by Germany to help address a chip shortage in its auto industry, the Ministry of Economic Affairs (MOEA) yesterday said that it was in talks with domestic chip suppliers. Foreign media over the weekend reported that German Minister of Economic Affairs Peter Altmaier had sent a request to Taipei to ask Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to cooperate more closely with German automakers to provide microchips and sensors, to bridge a shortage that has emerged over the past few months. The MOEA said that it had not yet received the request and could therefore not elaborate