Nearly 80 percent of businesses froze salaries last year: survey

Only about 21.8 percent of businesses in the manufacturing and service sectors provided pay increases in 2011, an increase of 4 percentage points from the same period of 2010, according to statistics compiled by the Directorate-General of Budget, Accounting and Statistics.

In addition, about 4.1 percent of employees in these sectors were laid off in 2011, up from 3.5 percent in the previous year, the statistics show.

Officials said the layoffs occurred mainly in the fourth quarter due to slower economic growth compared with the year's previous quarters.

On employee salaries over the past three years, the average annual salary stood at NT$633,376 (US$21,666) in 2011, up from NT$588,500 in 2009, according to the survey results.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	HTC Corp. launches phones running Windows 8 in Taiwan

NEXT ARTICLE
Chen says bonus cut may be valid only for one year

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit