Average monthly take-home pay in June rose 1.41 percent from a year earlier to NT$42,352, while total wages including overtime and performance-based compensation increased 4.09 percent to NT$50,581, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The data represented a pickup from May, as the effects of the COVID-19 pandemic subsided in Taiwan and most companies began recovering from the outbreak, the statistics agency said.
The improvement is also evidenced by an enlarged job pool — the workforce expanded slightly by 0.08 percent to 7.9 million — the first increase since the virus broke out in late January, DGBAS Deputy Director Chen Hui-hsin (陳惠欣) told a news briefing in Taipei.
Photo: Clare Cheng, Taipei Times
“The [employment] situation reported the first positive movements in June after seeing job losses between February and May,” Chen said.
A recovery in shopping activity and domestic trips lent support, she added.
Compared with a year earlier, the total number of people employed was 0.42 percent lower, the steepest decline in 11 years, indicating that the market has not completely returned to normal, Chen added.
Service-oriented sectors put up a better recovery, especially restaurants, hotels and entertainment facilities, which have benefited from pent-up demand, she said.
The manufacturing industry continued to cut payroll by 7,000, raising cumulative job losses to 25,000, mainly among machinery, metal and textile businesses, she added.
It is not clear when the manufacturing industry will come out of the woods, as uncertainty is building up due to renewed US-China trade tensions and the resurgence of virus infections in many countries, Chen said.
By sector, airline employees had the highest monthly take-home pay at NT$65,728, while workers at financial and insurance companies enjoyed the highest total wages at NT$84,405, aided by the distribution of bonuses, the agency said.
People worked an average of 168 hours in June, an increase of 5.4 hours from one month earlier, the agency said.
Overtime pay averaged NT$1,675, a drop of 2.73 percent from May, it said.
For the first six months of this year, average take-home pay advanced 1.47 percent to NT$42,277 per month, while total wages increased 1.03 percent to NT$57,505 per month, it said.
The figures rose 1.7 percent and 1.25 percent respectively after factoring in a decrease in inflation, it added.
NOTABLE SHIFT: By 2030, 50% of all laptops would be assembled in Southeast Asia, while Taiwan would still mostly focus on research and development, a report said Global laptop and desktop computer supply chains are expected to shift significantly away from China in the next 10 years, a Market Intelligence & Consulting Institute (MIC, 產業情報研究所) report said. By 2030, only 40 percent of global laptop production would remain in China, said the report, which was released on Thursday. “The reshuffling of the global supply chain will be one of the most important trends in the next 10 years,” the institute said in the report. “In the long run, key component makers will follow laptop assemblers in moving out of China.” The Taipei-based institute predicted most key component makers
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
Merck Group Taiwan yesterday said that it plans to invest substantially on expanding its fab in Kaohsiung’s Lujhu District (路竹) to better serve its local customers, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). The company said it plans to expand its production space by 50 percent in the next five years and its workforce by about 40 percent, Merck Group Taiwan managing director Dick Hsieh (謝志宏) told a media briefing in Taipei. Hsieh declined to disclose investment details, but said that the latest investment would exceed the total amount Merck has invested in Taiwan over the past few years. Those investments would be