Major restaurant chains have announced pay increases to attract and retain workers amid a labor shortage as they emerge from the COVID-19 pandemic.
Wowprime Corp (王品) — which operates Wang Steak (王品台塑牛排), Tasty (西堤), Japanese eatery Tokiya (陶板屋), teppanyaki restaurant Chamoinx (夏慕尼), low-priced hot-pot chain 12 Sabu (石二鍋) and other brands — is to raise wages by 3 to 7.5 percent next year, the company said yesterday.
The adjustments would lift monthly wages for full-time employees to NT$33,000 to NT$34,400 (US$1,060.58 to US$1,105.58), Wowprime chairman Chen Cheng-hui (陳正輝) said in a statement.
Photo: CNA
Wowprime is to resume its year-end banquets next month, with 9,000 employees expected to attend events across Taiwan, Chen said.
In addition, the company next year would restart an overseas travel program for employees following a three-year hiatus due to the pandemic, he said.
Since the program was started in 1995 to the start of the pandemic in 2020, more than 50,000 people have benefited from the travel program, which included visits to 33 destinations, including in Australia, Canada, Europe, New Zealand and the US, he said.
The company is to mark its 30th anniversary next year, Chen said.
Wowprime plans to launch a new teppanayki restaurant in Taipei next month that would feature Wagyu beef dishes, he added.
Hi-Lai Foods Co (漢來美食) — which operates buffet Hilai Restaurant (漢來海港餐廳), Hi-Lai Vegetarian Restaurant (漢來蔬食) and luxury Cantonese restaurant Celebrity Cuisine (名人坊) — said it would hike wages next year after an average increase of 6 percent this year that benefitted 92 percent of its workers, particularly kitchen staff.
Restaurants and hotels in Taiwan have complained about labor shortages as young people prefer to work for technology firms.
Louisa Professional Coffee Ltd (路易莎咖啡) said it increased pay for full-time employees by NT$1,000 to NT$35,000 a month, adding that pay for part-time workers would rise to NT$176 from NT$168 an hour next month.
Louisa said it intends to boost hourly pay to NT$180 next year for qualified part-time workers.
The coffee chain said it allows employees to work straight hours without vacant shifts, which cut into free time.
Vacant shifts are common at most restaurants.
Its employees would be eligible for travel subsidies as well as birthday, marriage and childbirth gifts, it said.
TTFB Co (瓦城泰統集團) — which operates Thai Town Cuisine (瓦城泰式料理), Very Thai Restaurant (非常泰), 1010 Hunan Cuisine (1010湘), Very Thai Noodles (大心新泰式麵食), Ten Ten Hunan Bistro (十食湘) and Shann Rice Bar (時時香) — said it adjusts wages on a yearly basis in line with performance assessments.
Outstanding employees would receive a raise of 15 to 20 percent, it said.
UNPRECEDENTED PACE: Micron Technology has announced plans to expand manufacturing capabilities with the acquisition of a new chip plant in Miaoli Micron Technology Inc unveiled a newly acquired chip plant in Miaoli County yesterday, as the company expands capacity to meet growing demand for advanced DRAM chips, including high-bandwidth memory chips amid the artificial intelligence boom. The plant in Miaoli County’s Tongluo Township (銅鑼), which Micron acquired from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion, is expected to make a sizeable capacity contribution to the company from fiscal 2028, the company said in a statement. It would be an extended production site of Micron’s large-scale manufacturing hub in Taichung, the company said. As the global semiconductor industry is racing to reach US$1 trillion
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
Memory chip stocks extended their losses yesterday after Alphabet Inc’s Google publicized research that could allow more efficient use of the storage needed for artificial intelligence (AI) development. SK Hynix Inc and Samsung Electronics Co, South Korean leaders in the market, fell more than 6 percent and about 5 percent respectively in Seoul. In the US, Micron Technology Inc, Western Digital Corp and Sandisk Corp slid more than 2 percent in pre-market trading, after they all closed lower on Wednesday. Memory companies have been on a tear in recent months as the rapid development of AI infrastructure triggered a spike in chip