State-run enterprises labor group says it will protest cuts to bonuses
The China PostBy Linger Liu--A labor group representing state-run firm employees yesterday announced plans to protest performance bonus cuts later this month.
January 15, 2013, 12:09 am TWN
The group, which represents workers from 22 state-run enterprises, announced that it will organize a public demonstration against the government's recent cuts to performance bonus on Jan. 30.
Bonus Cut in Process
The Legislative Yuan yesterday said a cross-party negotiation had agreed to set the maximum performance bonus for state-owned enterprises at 1.2 month's salary. The opposition agreed with the ruling party to cut the performance bonus budget for state-run enterprises.
As part of this agreement, state-run enterprises must produce both appropriate performance bonus evaluation procedures and standard examination proposals within three months.
The Legislative Yuan said the government will not pass the budget for state-owned enterprises' 1.2 month's salary performance bonus for 2012 if the state-run enterprises cannot provide the evaluation proposal as requested.
Budget Cut for Central Government 2013
The state-run performance bonus budget proposal will be drafted by People First Party (PFP, 親民黨) caucus whip Thomas Lee (李桐豪), according to the Legislative Yuan.
The last legislative session for 2012, which is part of last year's calendar of legislative sessions but concludes in 2013, is considering whether to pass the central government's budget proposal for this year. Cross-party negotiation agreed on a cut to the benefits of civil servants, said the legislative, adding that this cut also affects legislators. Individual legislators will see benefits cut by be up to NT$860,000, according to the Legislative Yuan.
Cross-party negotiation agreed on an approximately NT$1.9 trillion 2013 budget for the central government. It will also cut a quarter of the budget for ministers in the central government, according to the Legislative Yuan. Though agreement has been reached among the parties, the budget is still to be confirmed by the Legislature.
The Legislative Yuan said it will have a project team assess the bonus cut for retired civil servants, military personnel and public school teachers. This project aims to cut 1.3 percent of their total bonus, according to the Legislative Yuan. The legislative yuan said a total of around NT$26 billion is being cut from the budget.