Evergreen Marine gave 5 years' salary to its staff as a bonus

The company gave 5 years' salary to its staff as a bonus

Taiwanese shipping company Evergreen Marine is handing out massive bonuses to its 3,100 employees that have stunned everyone listening.

As per a foreign news agency report, the Evergreen Marine company said that the bonus will be disbursed according to the individual performance of the employees.

According to Comparable, a job website, annual salaries for Evergreen employees range from $29,545 to $114,823 on average.

A 2.20 lakh ton ship stranded in the Suez Canal caused a loss of $54 billion in six days. Evergreen, the Taiwanese parent firm of the ship, made 1300 percent more profit, it has provided 5 years salary as bonus to its employees after record high profit in 2022. pic.twitter.com/BWiINgss2f

— ミ🇮🇳★ 𝙆𝙪𝙘𝙝𝘽𝙖𝙖𝙩𝙃𝙖𝙞 ★🇮🇳彡 (@KyaaBaatHai) March 22, 2023

The shipping company earned a total of $10.9 billion at the end of the 2022 fiscal year and the company posted a profit margin of 39.82 percent, a gain the company experienced due to Covid-19 as the demand for goods due to the coronavirus increased freight rates. An increase was also observed.

However, when this news came from Taiwan, social media users expressed surprise and called this news the best news of the year.

But the company's good times may be coming to an end soon, Bloomberg Intelligence analysts Kenneth Loh and Eric Zhu warned in March as companies seek cheaper rates for shipping.

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