Some employees of the Taiwanese container shipping company will get 40 months of salary in bonuses at the end of the year.
The bonuses came in a bumper year for shipping, despite the troubles of the Ever Given, a giant container ship that was stuck in the canal.
The Taiwanese newspaper Liberty Times reported that one salary credit screen shot showed an employee getting 38 months worth of salary in bonuses.
A couple who have worked at the company for more than a decade told China Times that they received a combined NT$5 million in year-end bonuses. The bonus works out to about 42 months in monthly wages for each of them.
According to its latest quarterly report, the company reported a net profit of over $5 billion for the first three quarters of the year. That is an increase of 1300% from a year ago. Net profit hit a new high in the third quarter.
The Ever Given was freed after six days but remained in the canal for several months while a financial settlement between the canal authority and Ever Given's owner DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch The stuck ship cost $5.1 billion in trade a day, according to the International Chamber of Shipping.
In April, Shoei Kisen Kaisha filed a lawsuit to limit the damages.
The safety and management of the ship, any loss or damage to the hull, and third party property, are all the responsibility of the shipowner, according to the first-quarter report from this year.
According to Taiwan's Central News Agency, Eric Hsieh told investors at a November conference that the company's revenue growth was driven by rising freight rates.
The world has been hit by a shipping and supply chain crisis this year as demand outstrips supply in an ongoing Pandemic.
Container freight rates are up over 200% from a year ago.
According to Liberty Times,Evergreen said worker bonuses were based on the company's and employees' performance. It did not comment on individual bonuses.
The shipping boom has led to year-end bonuses being given to employees by other major companies. Maersk gave 80,000 employees $1,000 each on record profits.
