Monday, January 30, 2023

Chunghwa Telecom Responds to Union’s Name for General Wage Will increase

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TAIPEI, Nov. 30, 2022 /PRNewswire/ — Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) (“Chunghwa” or “the Firm”) introduced that it has engaged in talks with the Chunghwa Telecom Staff’ Union on November 21st to reply to their name for complete wage will increase. The Firm stated that it’ll take the financial uncertainty and the precise working outcomes of 12 months 2022 into consideration in deciding the extent of wage will increase and make an announcement at a correct time.

Chunghwa Telecom acknowledged that the Firm has its inner insurance policies for annual wage increments on the premise of particular person evaluation, and carries out complete wage will increase once in a while based mostly on working efficiency and market situations. In January of 2022, the Firm made an announcement to lift total salaries by 4% in response to a more difficult financial setting in addition to provide a one-time encouragement bonus to workers members in recognition of workers contribution to outperforming working leads to 2021. Previous to that, the Firm additionally raised total salaries by 3% to five% in 2020 for expertise retention. Chunghwa stated the latest wage will increase had demonstrated its willingness to share working success with staff and place nice emphasis on staff’ salaries and advantages.

Chunghwa additional highlighted its aggressive compensation scheme within the telecom business of Taiwan. Based on an evaluation of the common wage of publicly traded firms printed by the Taiwan Inventory Change, the common wage of Chunghwa’s non-managerial full-time workers in 2021 was forward of its friends.  

Along with pay scheme, Chunghwa commits to workers’s welfare and providing a good work and household steadiness setting for all staff. Consequently, the Firm has launched a wide range of worker advantages plan over time. In 2022, the Firm has supplied to ascertain 9 office instructing and care facilities with 16 courses in six cities in Taiwan with a view to improve mutual care on the office, which permit staff to take care of their households whereas working. Furthermore, the Firm gives staff with extra advantages than what  the federal government stipulates. For instance, Chunghwa led by initiating a program that permits staff with kids underneath the age of three years previous to work one hour much less per day. The Firm has additionally elevated paternity and maternity depart to 10 days from 7 days wherein the federal government requires. Not too long ago, the Firm introduced a increase to the maternity pension per baby to NTD 20,000 in 2023, in addition to a increase within the month-to-month subsidy to staff with kids between the ages of 0-6 to NTD 1,000 per 30 days. Attributable to its commitments and practices, the Firm had received recognitions and awards for its pioneered initiatives through the 12 months. Notably, “The World’s High Feminine-Pleasant Corporations 2022 Survey” launched by Forbes has ranked Chunghwa Telecom the sixth main telecom service and cable firms on the planet when it comes to establishing a female-friendly office.

“Our staff stay our most vital and valuable asset, and we additionally place nice significance to the lasting relationship with our labor union. We are going to make sure the rights and pursuits of our staff are protected and we’re happy to share firm income with our staff because of their work contributions. Chunghwa will proceed to speak with our labor union to consider worker calls for and considerations to collectively create a affluent future for the Firm’s sustainable growth,” Mr. Chi-Mau Shieh, Chairman and Chief Government Officer of Chunghwa Telecom, commented.

“The worldwide macroeconomic setting has modified materially because of the impression of pandemic, battle between Russia and Ukraine, and rate of interest hikes by the US Federal Reserve. We imagine the worldwide economic system will proceed to face difficult elements that embrace geopolitics, market volatility, local weather abnormality, and international provide chain constraints shifting ahead. The Taiwan Institute of Financial Analysis and different notable worldwide analysis institutes predict such financial headwinds will proceed into the subsequent 12 months.  As such, Chunghwa will seemingly face these operational headwinds in 2023 as properly. Regardless of a difficult home and international setting, we’re happy with our worker incentive efforts to encourage and reward workers whereas additionally being in compliance with our company governance goals. Chunghwa will proceed to pursue and follow prudent company social duty in an effort to create ever higher worth for all of our stakeholders,” Mr. Shieh concluded.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) (“Chunghwa” or “the Firm”) is Taiwan’s largest built-in telecommunications providers firm that gives fixed-line, cellular, broadband, and web providers. The Firm additionally gives data and communication expertise providers to company prospects with its huge knowledge, data safety, cloud computing and IDC capabilities, and is increasing its enterprise into revolutionary expertise providers reminiscent of IoT, AI, and so on. Lately, Chunghwa has been actively concerned in company social duty and has received home and worldwide awards and recognition. For extra data, please go to our web site at www.cht.com.tw

Contact: Angela Tsai
Telephone: +886 2 2344 5488
E mail: [email protected]

SOURCE Chunghwa Telecom



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