A total of 3,245 employees in the nation’s financial sector were told to work from home for two weeks beginning yesterday as companies took precautionary measures against the spread of COVID-19.
The move came after health authorities urged people who visited one of 11 tourist spots over the Tomb Sweeping Day long weekend to self-quarantine for 14 days, work from home if possible, wear masks and practice social distancing to avoid possible further infection.
On Sunday, some financial firms asked employees who visited the 11 sites over the four-day weekend to work from home for the next 10 working days.
Fubon Financial Holding Co (富邦金控) said 1,100 of its employees began working from home yesterday, Cathay Financial Holding Co (國泰金控) said 1,200 of its staff began teleworking, CTBC Financial Holding Co (中信金控) said 500 of its employees were working remotely and China Development Financial Holding Corp (中華開發金控) said 330 of its employees were doing so, too.
Nan Shan Life Insurance Co (南山人壽) said that 115 of its employees who visited the tourist spots, or whose family members did so, began telecommuting from yesterday.
The 11 spots were those cited by the Central Epidemic Command Center (CECC) in text messages it sent on Saturday, including Kenting (墾丁) and Hengchun Old Street (恆春老街) in Pingtung County; Dongdamen Night Market (東大門夜市) in Hualien County; Guanzihling (關子嶺) in Tainan; and the Alishan National Scenic Area.
Those working offsite would be paid normally, even those who worked in bank branches, the companies said.
“Employees at the bank branches would be required to stay at home and offer virtual assistance if needed,” CTBC Financial said in a release. “Almost all of the work can be done from home, so we are not worried that this will affect our operations.”
“For example, salespeople can introduce policies by telephone or via messaging apps,” Cathay Life Insurance Co (國泰人壽) spokesman Lin Chao-ting (林昭廷) said by telephone.
China Development Financial said it would consider punishing employees who lied about whether they had been to the tourist spots, even dismissing them.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) secured a record 70.2 percent share of the global foundry business in the second quarter, up from 67.6 percent the previous quarter, and continued widening its lead over second-placed Samsung Electronics Co, TrendForce Corp (集邦科技) said on Monday. TSMC posted US$30.24 billion in sales in the April-to-June period, up 18.5 percent from the previous quarter, driven by major smartphone customers entering their ramp-up cycle and robust demand for artificial intelligence chips, laptops and PCs, which boosted wafer shipments and average selling prices, TrendForce said in a report. Samsung’s sales also grew in the second quarter, up
On Tuesday, US President Donald Trump weighed in on a pressing national issue: The rebranding of a restaurant chain. Last week, Cracker Barrel, a Tennessee company whose nationwide locations lean heavily on a cozy, old-timey aesthetic — “rocking chairs on the porch, a warm fire in the hearth, peg games on the table” — announced it was updating its logo. Uncle Herschel, the man who once appeared next to the letters with a barrel, was gone. It sparked ire on the right, with Donald Trump Jr leading a charge against the rebranding: “WTF is wrong with Cracker Barrel?!” Later, Trump Sr weighed
HEADWINDS: Upfront investment is unavoidable in the merger, but cost savings would materialize over time, TS Financial Holding Co president Welch Lin said TS Financial Holding Co (台新新光金控) said it would take about two years before the benefits of its merger with Shin Kong Financial Holding Co (新光金控) become evident, as the group prioritizes the consolidation of its major subsidiaries. “The group’s priority is to complete the consolidation of different subsidiaries,” Welch Lin (林維俊), president of the nation’s fourth-largest financial conglomerate by assets, told reporters during its first earnings briefing since the merger took effect on July 24. The asset management units are scheduled to merge in November, followed by life insurance in January next year and securities operations in April, Lin said. Banking integration,
LOOPHOLES: The move is to end a break that was aiding foreign producers without any similar benefit for US manufacturers, the US Department of Commerce said US President Donald Trump’s administration would make it harder for Samsung Electronics Co and SK Hynix Inc to ship critical equipment to their chipmaking operations in China, dealing a potential blow to the companies’ production in the world’s largest semiconductor market. The US Department of Commerce in a notice published on Friday said that it was revoking waivers for Samsung and SK Hynix to use US technologies in their Chinese operations. The companies had been operating in China under regulations that allow them to import chipmaking equipment without applying for a new license each time. The move would revise what is known