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TAIWAN SEEKS TO HELP MITIGATE IMPACT OF WAGE HIKE ON SMEs.
TAIPEI, July 2 Asia Pulse - The Council of Labour Affairs (CLA) has worked out five measures to help mitigate the impact on small and medium-sized enterprises (SMEs) of the 9.09 per cent minimum wage hike, which went into effect Sunday.
Premier Chang Chun-hsiung announced earlier this month that the minimum wage will be raised to NT$17,280 (US$526) per month while the hourly wage will be NT$95.
About 1.41 million "marginal" members of the country's workforce - including foreign labourers, part-time workers, senior citizens who have returned to the employment market after retirement and female workers - are expected to benefit from the wage hike.
To offset the expected negative impact, the CLA has decided to subsidize owners of certain businesses, including fast-food chains, restaurants, supermarkets and gas stations, with a working staff of less than 50 people. The owners will be entitled to subsidies of NT$10 per hour per head when the ...
- TAIWAN'S CLA PROPOSES MEASURES FOR MINIMUM WAGE HIKE.
- News wire article from: AsiaPulse News May 28, 2007 700+ words
...negative effects of a minimum wage hike to be implemented later...hourly basic wage from NT$66 (US$1.98) to...deduct NT$2,300-NT$2,500, so there is...set by the government is NT$4,000, Lu added...their jobs due to the wage hike policy. (CNA) 28...
- TAIWAN'S INDUSTRIAL, BUSINESS SECTORS FRET OVER WAGE HIKE.
- News wire article from: AsiaPulse News June 7, 2007 700+ words
...issue of a 9.09 per cent minimum wage hike, fretting that the increase might...s minimum wage is to be hiked to NT$17,280 (US$523) per month...sector will bear the brunt of the wage hike but the impact will in turn send shockwaves...
- MINIMUM WAGE HIKE EXCEEDS `ACCEPTABLE RANGE': TAIWAN'S MOEA.
- News wire article from: AsiaPulse News April 30, 2007 700+ words
...whose average wage per hour will rise to between NT$93 and NT$95 from the current NT$66. Lee said the CLA will submit the package...for a final review. "We are hopeful that the wage hike can be implemented from July 1," he added...
- TAIWAN'S CLA PUTS FORWARD MEASURES TO COPE WITH WAGE HIKE IMPACT.
- News wire article from: AsiaPulse News June 7, 2007 700+ words
...of the 9.09 per cent minimum wage hike announced earlier the same day...s minimum wage is hiked to NT$17,280 (US$523) per month and the hourly wage is raised to NT$95 on July 1, but he added...will be entitled to subsidies of NT$10 per hour per head when the...
- FPG may settle for 3% wage hike despite higher earnings.
- News wire article from: Asia Africa Intelligence Wire June 17, 2003 700+ words
...Plastics Corp. generated profits of NT$11.7 billion, compared with earnings of NT$14.9 billion by Nan Ya Plastics Corp., and NT$12.5 billion by Formosa Chemicals...rising labor costs. After giving a wage hike of 5% in 2000, the FPG Group...
- TAIWAN'S CNFI MAY ACCEPT 10% MINIMUM WAGE HIKE.
- News wire article from: AsiaPulse News March 22, 2007 700+ words
...level council will push for a minimum wage hike, with the adjustment range reaching...cent rise from the current level at NT$15,840 per month. Chen said if...Taiwan, would not oppose a minimum wage hike. (CNA) 22-03 1427
- TAIWAN STUDENT LABOR RIGHTS GROUP CALLS FOR HOURLY WAGE HIKE.
- News wire article from: AsiaPulse News April 30, 2007 700+ words
...said the minimum hourly wage should be raised to between NT$101 and NT$103 in terms of the new CLA-proposed hourly wage calculating formula, not the CLA-recommended NT$93 to NT$95. After a three-hour meeting on Friday...
- PHILIPPINE HOUSE OF REPS TO PRIORITIZE WAGE HIKE BILL: SOLON.
- News wire article from: Asia Africa Intelligence Wire November 4, 2005 700+ words
...reorganization. "The proposed P125 legislated wage hike has already been sponsored in plenary...said plenary discussions on the proposed wage hike should also include other bills filed...others. He said the proposed P125 daily wage hike is undeniably big but the House can use...
- Wage hike could hurt retailers. (minimum wage increase)
- Magazine article from: Footwear News Barrett, Joyce July 15, 1996 700+ words
...waged a last-ditch effort to defeat the wage hike, which is estimated to affect 95 percent...into effect before the fall. While the wage hike is identical to the House-passed version...however, is not enough to make the wage hike palatable to the industry. Also in the...
- Wage hike to increase cost of goods, services by up to 15%.
- News wire article from: Asia Africa Intelligence Wire May 12, 2005 700+ words
...by up to 15% if organized labor's wage hike demands are met, the National Statistical...Input-Output (IO) model" The P125 wage hike, pushed by the militant Kilusang Mayo...NSCB official said. The P78 minimum wage hike, meanwhile, is being sought by the...
Source: HighBeam Research, TAIWAN SEEKS TO HELP MITIGATE IMPACT OF WAGE HIKE ON SMEs.