Yahoo Finance Live anchors discuss reports that shipping firm Evergreen Marine Corp. handed out bonuses that equal up to 50 months of salary to employees.
Video Transcript
BRIAN SOZZI: Taiwan's Evergreen Marine Corp. making quite the impression on its employees as the shipping company reportedly hands out year-end bonuses equal to 50 months' salary or more than four years pay on average. Hat tip to this company just getting it done.
Of course, it's been a very challenging time during the pandemic for workers in this space. Good to see them doing this.
BRAD SMITH: I think this also speaks to the shift that we've seen in terms of some of the operations and in decreasing the reliance on China for some of either its production or shipping necessities, and that's across some of the products-based industries and leaning into other categories-- or other countries where they could see some type of, I don't know, better operational negotiation, perhaps, on the supply-chain front. And Taiwan one of those beneficiaries from that, at least in this interim period of time.
JULIE HYMAN: I mean, this is also just a reflection of how busy it's been in shipping, right, and that it's been-- I'm sure these employees have been working long hours, and they've been working really hard. You know, they also-- remember, this is the same company that had to get a ship loose from the Suez Canal.
- Yes.
- Ever Given, yeah.
JULIE HYMAN: So, you know, they deserve a bonus.
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January 09, 2023 at 11:02PM
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Evergreen Marine Corp. hands out bonuses equal to 50 months salary - Yahoo Canada Finance
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