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Taisuco Hypermarket

      The keen competition in the hypermarkets leads to regular low-price competition. In addition, the rapid development and expansion of community-based supermarkets, fresh food department as well as the online shopping market also caused deficits for Taisuco Hypermarket After evaluation, the business had completed its phased tasks. Taking into considerations the rights and interests of the employees, manufacturers and consumers, the resolution to cooperation with the leading retailer, Carrefour, was approved in the 10th board meeting of the 33rd Session of BOD, and the contract was signed on April 12th, 2019. Taisuco Hypermarket stopped its operation on June 17th, 2019.
      Among the 945 employees in the Hypermarket Business Division, 86 were full-time employees who would be transferred to other units of the Company. The 59 contracted employees and 800 part-time staff were laid off. After the mediation of labor disputes and compulsory negotiation organized by the Labor Affairs Bureau, layoff conditions better than those stipulated by laws and regulations were provided, and the staff were laid off in three batches on June 17th, June 30th, and July 31st, with the severance pay totaling NTD 295 million. Besides the desirable severance, we not only helped these employees arrange interviews with Carrefour, but also assisted them in applying for unemployment grants and contacting the Employment Service Center for employment counseling.
With the cooperation with Carrefour, the marketing of products would be more effective through Carrefour’s operational advantages and competitiveness. It is hoped that more investments can be drawn to create a better employment environment and cooperative development opportunities to continue to provide quality services and products for the common prosperity and for the effect of 1+1 is greater than 2 and thus to better fulfill our corporate social responsibility.

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