In­dus­try, com­mer­cial groups is­sue warn­ing for greater la­bor bonuses

The China Post - - LOCAL - BY CHI- HAO JAMES LO

Leg­isla­tive Yuan Speaker Wang Jin- pyng ( ) yes­ter­day met with a del­e­ga­tion of rep­re­sen­ta­tives from lo­cal industrial and com­mer­cial or­ga­ni­za­tions, who told the speaker that they hope for a more care­ful con­sid­er­a­tion in the amend­ment of the La­bor Stan­dards Act ( ).

The rep­re­sen­ta­tives, who con­sist of lo­cal industrial and com­mer­cial or­ga­ni­za­tion lead­ers such as the Chi­nese Na­tional Fed­er­a­tion of In­dus­tries (CNFI, ) Chair­man Rock Hsu ( ) and Chi­nese Na­tional As­so­ci­a­tion of In­dus­try and Com­merce ( ) Chair­man Lin Por- fong (

) , re­port­edly told Wang that the amend­ment of ar­ti­cles 29 and 79 of the act would likely cause a neg­a­tive im­pact on the econ­omy and dis­cour­age for­eign in­vest­ments.

The amend­ment of the ar­ti­cles serves as part of the re­form pro­gram that seeks to in­crease the in­come of the na­tion’s grass­roots de­mo­graphic. Specif­i­cally, the cor­rec­tion of the ar­ti­cles would tackle cur­rent poli­cies that gov­ern the dis­tri­bu­tion of bonuses from within a com­pany.

The meet­ing with Wang marked yet an­other at­tempt from lo­cal industrial and com­mer­cial or­ga­ni­za­tions to speak out against the Kuom­intang’s pro­posed salary in­crease pro­grams. Aside from meet­ing with Wang, the del­e­ga­tion will also meet with Pre­mier Mao Chihkuo ( ) to­day to talk about their eval­u­ated ram­i­fi­ca­tions should the amend­ment pass with­out deeper con­sid­er­a­tion.

In a post-meet­ing state­ment, Sec­re­tary-Gen­eral of the CNFI Tsai Lien- sheng ( ) said that Wang had said he un­der­stood the del­e­ga­tion’s con­cerns, and he would make sure that con­sid­er­a­tion would be brought up and dis­cussed be­fore the amend­ment un­der­goes its sec­ond and third read­ings.

Tsai also elab­o­rated that the lo­cal com­pa­nies are not against in­creas­ing wages and de­creas­ing the num­ber of work hours, but are only op­posed to their rights to bonus dis­tri­bu­tion be­ing vi­o­lated. Tsai that pre­mium dis­tri­bu­tion is the right of a com­pany’s board of di­rec­tors, and that the cre­ation of a stan­dard would in­flu­ence the in­vest­ment di­rec­tion of a com­pany.

Tsai went on to say that the amend­ment will not work, and it is also un­heard of in the world, since it would likely ef­fect for­eign in­vest­ments in a neg­a­tive way.

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