According to French media Le Marin, CMA CGM, the world's third largest liner company, will pay a year-end bonus of 10 weeks' salary (approximately two and a half months) to all employees, including seafarers .
CMA CGM CEO Rodolphe Saadé recently announced the news at a year-end party with employees that the bonus will be higher than last year (CMA CGM’s 2021 year-end bonus is 8 weeks’ salary). A few days ago, CMA CGM also signed a general wage increase for sedentary workers.
It is understood that eligible employees will receive the bonus in their salary in December 2022 or January 2023. New employees who join the company on or before December 1, 2022 will receive a prorated bonus based on their length of service with the company this year. CMA CGM said that this move shows that the company attaches great importance to talents. Talents are the company's greatest assets. It is precisely because of its outstanding employees that CMA CGM can achieve such excellent results.
On November 25, CMA CGM announced its third quarter results of this year. Data shows that CMA CGM achieved total revenue of US$57.61 billion in the first three quarters of this year, EBITDA reached US$27.61 billion, and net profit of US$21.84 billion, all of which have exceeded US$55.98 billion, US$23.10 billion, and US$17.89 billion for the whole of 2021.
Seeing this, some readers may ask, is two and a half months’ salary still worth mentioning as a year-end bonus? In the article "The 60-month salary year-end bonus is really going to explode this time" published by Port Circle (ID: gangkouquan) some time ago, it was not only pointed out that Evergreen Shipping 's year-end bonus this year could be It can be equivalent to 60 months' salary, and Yang Ming Shipping's total bonus is expected to exceed 40 months' salary. Although the 10-month year-end bonus last year looked ordinary, it also had benefits such as a starting salary increase, childcare allowance, travel allowance and other benefits.
With Taiwan’s three heroes taking the lead, CMA CGM’s year-end bonus seems to be just a sprinkling of water? That really can’t be said. On the one hand, the salary incentive systems of various shipping companies are different, and it is difficult to compare them on a single dimension; on the other hand, CMA CGM’s bonuses this time include crew members. You must know that since most crew members sign contracts with ship management companies to serve on ships, shipping companies usually only pay bonuses to land-based employees who have signed contracts with the headquarters. The excitement belongs to them, and the crew members get nothing.
It is undeniable that as an important working group in the maritime industry, seafarers work hard at various risks, but are always ignored. It is inevitable to have mixed feelings at this time. It is precisely for this reason that CMA CGM distributes year-end bonuses to all employees, including seafarers, which has aroused heated discussion. Perhaps as the epidemic prevention situation is relaxed in the future, it will be difficult for the maritime industry to reproduce the grand scene of annual bonuses for dozens of months of salary, but we hope that in the development of the maritime industry, the rights and interests of seafarers and front-line port workers will receive more attention.
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