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Evergreen pays employee bonuses of up to four years salary

Photo: Mary Bond World's largest containership Ever Alot berthed at Felixstowe
World's largest containership Ever Alot berthed at Felixstowe
Taiwanese container line Evergreen Marine has given employees bonuses of up to four years annual pay, according to local press reports.

Bonuses of up to 52 months for some employees of Evergreen were reported by the Liberty Times, which is even higher than the up to 40 months the line paid out to some in 2021. According to reports the bonus for most employees of the container line ranged from 10 months to 45 months.

As other container lines Evergreen has enjoyed extraordinary levels of profitability over the last two years as the pandemic drove up demand and vessel supply was constrained by supply chain congestion.

Evergreen reported a net profit of NT$304.35bn ($9.91bn) during the first three quarters of 2022, up 92% year-on-year.

Listen to the Seatrade Maritime Podcast on the container shipping market outlook for 2023

Fellow Taiwanese line Yang Ming was reported to be planning to pay bonuses of 13 months to its employees.

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