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Update Date: "2011/03/28 04:11"
Reporter Chen Xiaoyi / Special Report
A significant portion of the high oil prices borne by Taiwanese citizens is due to CPC Corporation, Taiwan's persistently high personnel costs. CPC not only offers high salaries and bonuses but also superior benefits. For example, in fiscal year 2011, personnel expenses reached NT$24.5 billion, of which approximately NT$13.3 billion was allocated to salaries, while the remaining NT$11.2 billion covered various bonuses, allowances, and other benefits. With around 15,000 employees, each CPC worker received an average of over NT$1.6 million annually.
In October 2009, Control Yuan members Cheng Ren-hong, Hung Chao-nan, and Lee Bing-nan issued a corrective report targeting CPC's personnel appointments and expenses. Among the issues highlighted were unreasonable employee benefits, including: overstaffing in the welfare committee (legally capped at five members), unjustified welfare fund allocations for a state-owned monopoly, and excessive product discounts for employees.
After verification by reporters, these three issues remained unaddressed even after the Control Yuan's corrective measures. All unreasonable welfare expenses for CPC employees continued to be shouldered by the public, totaling NT$931,577,313 in the previous year.
The Control Yuan had previously pointed out that CPC's product discounts for employees wasted too much public funds and should be reviewed and improved. However, reporters found that CPC's employee discount policies remained unchanged, covering liquefied petroleum gas (LPG), natural gas, gasoline, diesel, and lubricants. In 2009, the total discount amount reached NT$178,822,200, and in 2010, it remained at NT$163,833,113.
Moreover, in 2010, the average discount per unit for LPG and natural gas was even higher than in 2009. The discount for LPG increased from NT$2.82 in 2009 to NT$4.35 in 2010, while natural gas discounts rose from NT$4.35 to NT$5.82. Additionally, CPC provided employees with a 13% discount on gasoline and diesel, totaling NT$78,173,761 in 2010.
In other words, while CPC frequently raises prices for LPG, natural gas, gasoline, and diesel—squeezing the public's hard-earned money—its employees enjoy discounted rates, with the difference ultimately paid for by taxpayers.
Source: http:/ / tw. news. yahoo. com/ art……url/ d/ a/ 110328/ 78/ 2ot01. html
Annual Payout of NT$1.6 Million Per Person: CPC's High Costs Covered by Public Funds
Reporter Chen Xiaoyi / Special Report
A significant portion of the high oil prices borne by Taiwanese citizens is due to CPC Corporation, Taiwan's persistently high personnel costs. CPC not only offers high salaries and bonuses but also superior benefits. For example, in fiscal year 2011, personnel expenses reached NT$24.5 billion, of which approximately NT$13.3 billion was allocated to salaries, while the remaining NT$11.2 billion covered various bonuses, allowances, and other benefits. With around 15,000 employees, each CPC worker received an average of over NT$1.6 million annually.
In October 2009, Control Yuan members Cheng Ren-hong, Hung Chao-nan, and Lee Bing-nan issued a corrective report targeting CPC's personnel appointments and expenses. Among the issues highlighted were unreasonable employee benefits, including: overstaffing in the welfare committee (legally capped at five members), unjustified welfare fund allocations for a state-owned monopoly, and excessive product discounts for employees.
After verification by reporters, these three issues remained unaddressed even after the Control Yuan's corrective measures. All unreasonable welfare expenses for CPC employees continued to be shouldered by the public, totaling NT$931,577,313 in the previous year.
The Control Yuan had previously pointed out that CPC's product discounts for employees wasted too much public funds and should be reviewed and improved. However, reporters found that CPC's employee discount policies remained unchanged, covering liquefied petroleum gas (LPG), natural gas, gasoline, diesel, and lubricants. In 2009, the total discount amount reached NT$178,822,200, and in 2010, it remained at NT$163,833,113.
Moreover, in 2010, the average discount per unit for LPG and natural gas was even higher than in 2009. The discount for LPG increased from NT$2.82 in 2009 to NT$4.35 in 2010, while natural gas discounts rose from NT$4.35 to NT$5.82. Additionally, CPC provided employees with a 13% discount on gasoline and diesel, totaling NT$78,173,761 in 2010.
In other words, while CPC frequently raises prices for LPG, natural gas, gasoline, and diesel—squeezing the public's hard-earned money—its employees enjoy discounted rates, with the difference ultimately paid for by taxpayers.
Source: http:/ / tw. news. yahoo. com/ art……url/ d/ a/ 110328/ 78/ 2ot01. html