The Ministry of Labor yesterday reported a significant decline of 2,202 manufacturing workers on formal unpaid leave programs over the past two weeks amid a resurgence in the manufacturing sector.
The number of workers on unpaid leave programs dropped from 9,764 to 7,562 between Jan. 2 and yesterday, data compiled by the ministry showed.
Of the 2,202 workers brought back to work full time, 2,158 work in the export-oriented manufacturing sector, with most of them employed in the metal, electric machinery, information technology (IT) and electronics sectors, which have seen rebounds in orders, the ministry said.
Photo: CNA
About 800 of the employees whose furloughs were ended were in the bicycle and bicycle component, semiconductor and metal product sectors, Labor Conditions and Equal Employment Division Deputy Director Wang Chin-jung (王金蓉) said.
Another 400 were in the IT and electronics sectors, Wang said.
The number of workers placed on formal unpaid leave programs has been declining since reaching a peak of 12,388 at the end of August last year, she said.
The downward trend is most apparent this month and is expected to continue, as many companies would need more workers to meet delivery deadlines ahead of the Lunar New Year holiday, she said.
Semiconductor business between Taiwan and the US is a “win-win” model for both sides given the high level of complementarity, the government said yesterday responding to tariff threats from US President Donald Trump. Home to the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Taiwan is a key link in the global technology supply chain for companies such as Apple Inc and Nvidia Corp. Trump said on Monday he plans to impose tariffs on imported chips, pharmaceuticals and steel in an effort to get the producers to make them in the US. “Taiwan and the US semiconductor and other technology industries
SMALL AND EFFICIENT: The Chinese AI app’s initial success has spurred worries in the US that its tech giants’ massive AI spending needs re-evaluation, a market strategist said Chinese artificial intelligence (AI) start-up DeepSeek’s (深度求索) eponymous AI assistant rocketed to the top of Apple Inc’s iPhone download charts, stirring doubts in Silicon Valley about the strength of the US’ technological dominance. The app’s underlying AI model is widely seen as competitive with OpenAI and Meta Platforms Inc’s latest. Its claim that it cost much less to train and develop triggered share moves across Asia’s supply chain. Chinese tech firms linked to DeepSeek, such as Iflytek Co (科大訊飛), surged yesterday, while chipmaking tool makers like Advantest Corp slumped on the potential threat to demand for Nvidia Corp’s AI accelerators. US stock
The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from US President Donald Trump. The Fed cut its key lending rate by a full percentage point in the final four months of last year and indicated it would move more cautiously going forward amid an uptick in inflation away from its long-term target of 2 percent. “I think they will do nothing, and I think they should do nothing,” Federal Reserve Bank of St Louis former president Jim Bullard said. “I think the
Cryptocurrencies gave a lukewarm reception to US President Donald Trump’s first policy moves on digital assets, notching small gains after he commissioned a report on regulation and a crypto reserve. Bitcoin has been broadly steady since Trump took office on Monday and was trading at about US$105,000 yesterday as some of the euphoria around a hoped-for revolution in cryptocurrency regulation ebbed. Smaller cryptocurrency ether has likewise had a fairly steady week, although was up 5 percent in the Asia day to US$3,420. Bitcoin had been one of the most spectacular “Trump trades” in financial markets, gaining 50 percent to break above US$100,000 and