Newly revised labor law doesn’t hurt business interests: Cabinet
Jan 04, 2017MarketComments Off on Newly revised labor law doesn’t hurt business interests: Cabinet
The Cabinet says that a recent revision to Taiwan's labor law won't damage the interests of the general public.
The newly amended labor law went into effect at the beginning of the year. The law now requires employers to give workers one day off every week. It also provides for a second, negotiable day off. Workers who elect to work on these days are entitled to overtime pay.
The amendment has drawn criticism from corporate heavyweights. Business leaders say the amendment leads to higher operation costs for Taiwanese companies, which will in turn increase the prices of consumer goods. They say the revision to the law hurts the interests of employers, employees, and consumers.
On Wednesday, Cabinet spokesperson Hsu Kuo-yung expressed regret over the law's reception in the business community. Hsu said the same business leaders were fully supportive of the amendment during negotiations, and that the Cabinet finds the sudden change in attitude from business leaders unacceptable.
Hsu also said more rest for employees will lead to greater efficiency on the job, which will benefit business in the long run.