Minimum wage to be adjusted to NT$25,250 per month and NT$168 per hour starting January 1, 2022
Highlights of the Ministry of Labor
Announced amendments of the scope of application of proviso 2 of Article 34 of the Labor Standards Act to add that "partial shift workers of 10 companies" are subject to the proviso of Article 34, Paragraph 2 of the Labor Standards Act during the period of natural disasters, accidents or emergencies or during the period of shift adjustment by mutual agreement between employees and employers, as well as shift workers in the manufacturing, wholesale, general merchandise retailing and warehousing industries from October 1, 2022 to December 31 of the same year.
The Bureau of Labor Funds of the MOL conducted a public solicitation for the first domestic investment (absolute return type) mandate by the new and old labor pension funds in 2022. In order to implement a sustainable investment strategy, the mandate targets listed companies that prepare ESG reports as investment targets, with a view to generating long-term stable profits.
The MOL conducted the 2nd Taiwan-U.S. Collective Bargaining Talent Training Seminar by video conference with the Federal Mediation and Conciliation Service (FMCS) of the U.S. Government. The opening remarks were delivered by FMCS Director nominee Javier Ramirez, AIT Economic Section Chief Rashad Jones, and MOL Vice Minister Chen Ming-Jen. During the meeting, FMCS senior mediators shared mediation skills and methods, including how to leverage different meeting modes such as joint meetings, individual meetings and side-meetings at different stages of negotiation to help both sides negotiate a common agreement. They also shared specific suggestions on how to break through deadlocks. Through the exchange of experience between Taiwan and the U.S., the seminar enhanced the mediation capabilities of government agency administrators and mediators facing collective bargaining disputes.
In response to the Central Bank's raising of interest rates by 12.5 basis points, the interest rate of the "Worker Relief Loan" was raised from 1.97% to 2.095%. In order to take care of economically disadvantaged workers, the MOL fully subsidized the corresponding increase in interest rates for mortgages.
Minister Hsu Ming-Chun visited the Bureau of Labor Insurance's Yunlin office and officiated at the opening of the new office with director Chen Juan. In addition to additional service counters and friendly barrier-free facilities, the new location is spacious and bright, which is expected to provide a comfortable environment for Yunlin locals to enhance local services.