Cathay Financial has most employees among Taiwan firms

Cathay Financial is the largest employer among listed peers, according to a Taiwan Stock Exchange’s social responsibility review.

Cathay Financial employs about 43,000 people, comfortably ahead of the next company on the list, contract chipmaker Taiwan Semiconductor Manufacturing Co, which has 30,113 employees, and third-place Fubon Financial Holding Co, with 28,954 employees, the exchange said.

“The index is intended as a benchmark to guide institutional and retail investors as they look to invest in companies with a top ranking,” TWSE chairman Schive Chi said.

The main criteria for selecting the 99 companies include profit per employee and turnover rate. Companies with turnover rates of 1 percent or lower are not selected, the exchange said.

The 99 constituent firms employed a total of 599,000 personnel this month, up 1 percent from a year ago, the exchange said.

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