Tigerair Taiwan, a prominent budget airline, recently made headlines with its astonishing announcement of bonuses for its employees. During a board meeting on January 15, the company’s chairman, Chen Han-ming, disclosed the impressive payouts, showcasing the airline’s commitment to recognizing and rewarding its workforce.
Background of Tigerair Taiwan
Tigerair Taiwan, a result of a joint venture between China Airlines and Tigerair, Singapore’s low-cost carrier, in 2013, has steadily grown since its inception in September 2014. The merger with Scoot in July 2017 further solidified its position in the market.
Chairman’s Announcement
The announcement made by Chairman Chen Han-ming was nothing short of remarkable. The bonus structure included performance-based bonuses ranging from NT$50,000 to NT$80,000, equivalent to four months’ salary, and an additional NT$20,000 in standard bonus. The decision was met with unanimous approval during the board meeting.
Tigerair Taiwan’s financial success in 2023 is noteworthy, posting a staggering NT$12.6 billion in consolidated sales, an impressive 850% increase from the previous year. This unprecedented growth can be attributed to the soaring demand for travel, reflecting positively on the airline’s strategic positioning in the industry.
Previous Bonus Payouts
The company’s generosity was not a one-time occurrence. Tigerair Taiwan had previously distributed substantial sums in bonuses in August and December 2023, eliciting positive responses from employees who appreciated the unexpected financial windfalls.
Chairman Chen’s communication with the workforce in December 2023, where he promised a year-end bonus rated “10 out of 10” in terms of sincerity and satisfaction, reflects the company’s dedication to fostering a positive and rewarding work environment.
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