U.S.-China Trade War Lures Taiwanese Companies Back Home|台商回流投資 經濟部:上半年逾4千億元
The Ministry of Economic Affairs said its efforts to bring back Taiwanese businesses produced a value of NT$400 billion in the first half of the year and increased job opportunities. The Ministry of Labor is therefore set to relax labor restrictions and allow 3K industries to hire more migrant workers. On July 12, the Taiwan Labour Front hosted a seminar, saying it hopes the government can show more consideration for the employment conditions of grassroots laborers.
Many Taiwanese businesses have made changes to their manufacturing bases in response to the U.S.-China trade war. The government is actively encouraging these businesses to return to Taiwan with subsidies. The Ministry of Economic Affairs says its efforts have resulted in over NT$440 billion in investment during the first half of the year. It estimates this investment can create 30,000 jobs. On July 12, the Taiwan Labour Front organized a seminar. It invited the Ministry of Labor, civic groups, and scholars to discuss the challenges of bringing Taiwanese businesses back to Taiwan.
The quotas under our original 3K5 five-ratio system for foreign workers in the manufacturing industry are perhaps too low at this present time. This is why we will raise them to address the issue of the labor shortage. We of course hope that the returning investment will be in the high-tech sector.
The Ministry of Labor is set to relax restrictions on the manufacturing industry's 3K5 five-ratio system to allow returning Taiwan businesses to hire more migrant workers and ensure they won't face labor shortages. The public is happy to see returning investment setting a new record, but labor groups say more than the numbers have to be considered. What should also be taken into account is whether this can improve the employment conditions of Taiwan's laborers.
Will this type of investment result in a real creation of jobs? What kind of jobs is it creating? Are they stable jobs or unstable jobs?
The Taiwan Labour Front added it is against short-term incentives only attracting short-term investment, but it is happy to see the returning investment. The majority is in the relatively stable manufacturing industry, and it is hoped it can bring about the transformation of the industry.