Far Eastern chair weighs in on minimum wage at shareholders’ meeting

2024-06-18

Far Eastern Department Stores came out with stellar results at its shareholders’ meeting on Tuesday. The company achieved earnings per share of NT$1.95 last year, and will issue a cash dividend of NT$1.6 per share. Top executives addressed issues including AI, the labor shortage, and upcoming consultations expected to raise the minimum wage by at least 3.8%.

Far Eastern Department Stores held its annual shareholders’ meeting on Tuesday. Far Eastern Group Chair Douglas Hsu and his sister Nancy Hsu took questions, addressing the labor shortage and next week’s deliberations over the minimum wage. Douglas Hsu gave his perspective.

Douglas Hsu
Far Eastern Group chair
Labor shortages are a global trend. The question is how we make up the shortfall. From where I’m standing, I can offer something nice. The higher the wage, the better. But you have to be able to afford it. The most important thing is productivity. The real question is, can your production levels support your wage levels?

Shaking off the pandemic, Far Eastern Department Stores posted earnings per share of NT$1.95 last year, and will issue a cash dividend of NT$1.6 per share. Amid the AI boom, the firm announced plans to adopt the latest technology to enhance everyday experiences.

Douglas Hsu
Far Eastern Group chair
AI is incredibly challenging, to tell the truth. It will take a great deal of effort to do AI.

Taiwan’s AI industry is at the vanguard of the world. With TSMC building plants in Tainan, Kaohsiung, and Chiayi, Far Eastern Department Stores was asked about its own potential expansion.

Nancy Hsu
Far Eastern Department Stores president
Actually we already have stores in all three of those locations, but they’re not large. Perhaps after TSMC completes its projects, and the labor market and overall market improves in the south, we will expand our presence there.

Having planted its flag at Taipei Dome, Far Eastern Group is taking aim at NT$50 billion in revenue, to challenge Shin Kong Mitsukoshi for market dominance.

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最低工資諮詢下週登場! 徐旭東:薪資當然越多越好

2024-06-18

遠東百貨股東會今天登場，遠百繳出亮眼成績，去年EPS1.95元，預計配發1.6元的股利。今天徐旭東和妹妹徐雪芳一同出席股東會，被問到最低薪資諮詢會將登場，調幅3.8%以上會不會太多，徐旭東則豪邁地說，薪資當然是越多越好，但要發得起啊。

遠東百貨一年一度的股東會盛大登場！集團董事長徐旭東和妹妹徐雪芳一同出席，談到台灣嚴重缺工議題，以及最低薪資諮詢會即將召開，徐旭東有不同看法。

[[遠東集團董事長徐旭東]]
“缺工是世界一個潮流，那現在問題是你要怎麼彌補缺工這一個角色。以我角度講，講些好聽的話，越高越好，你要出得起，最重要的一點，Productivity，問題是你的生產能，生產力吃得消嗎”

甩開疫情陰霾，遠百去年EPS1.95元、現金股利每股發1.6元，展望台灣AI發展，遠百也將導入系統，讓人工智慧融入民眾生活。

[[遠東集團董事長徐旭東]]
“AI講實在話是非常挑戰的一件事情，現在講起來，AI要花功夫”

國內發展AI成為全球焦點，尤其護國神山台積電在台南、高雄和嘉義都設廠，遠百會不會跟著拓店，徐雪芳也透露規劃。

[[遠百總經理徐雪芳]]
“其實三個地方我們都有店，只是規模沒有那麼大，可能它(台積電)完成以後，工人還有整個市場，南部市場越來越好，我們也會擴店”

遠東集團成功插旗大巨蛋後，喊出衝向500億營業額，挑戰新光三越霸主地位。

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