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Labor Relations and Communication

Labor Relations and Communication

Protection of Work Rights and Interests

TBB upholds and maintains the rights and interests of employees, shareholders, and the Bank, with protecting employees’ right-to-work and interests as the major principle. TBB also fully communicates with the labor union with the utmost sincerity based on the principles of compliance, reasonableness, and fairness in accordance with the provisions of the Collective Agreement Act


TBB completed the signing of the first collective bargaining agreement on May 16, 2011. The agreement included benefits, insurance, employment, transfer, dismissal, regular leave, leave, retirement, work hours, and labor safety and health. The agreement was renewed for the first time on September 2, 2014 and renewed for the second time on December 4, 2018, and the third time on December 15, 2022, on the basis of the strong mutual trust between labor and management. The agreement has led to harmonious labor-management relations and established a good model in the win-win interactions between labor and management in the industry. The two parties shall continue to move forward with mutual trust, mutual assistance, coexistence, and common prosperity as they work together to achieve greatness with TBB.


TBB organizes regular labor-management meetings in accordance with the "Regulations for Implementing Labor-Management Meeting". TBB convenes at least 4 labor-management meetings each year as well as negotiation meetings from time to time to fully communicate on issues related to employees' interests or benefits. The measures are implemented in accordance with the resolutions of the meetings and the implementation status has been good. In 2024, successful negotiation outcomes included an increase in loan application amounts for employees (and their spouses), a higher budget for employee uniforms, a 4% salary increase for all employees, and revisions to promotion regulations

TBB Union and Negotiations

The TBB Union was established on June 1, 1996, and 100% of the employees have joined the union. There has been no violation of the freedom of association and collective bargaining in the reporting period. Both the TBB and the Union have negotiated in good faith to complete the signing of the collective bargaining agreement. Concrete actions are taken to protect 100% of the rights and interests of all employees. Therefore, all TBB employees are protected by collective bargaining agreements


TBB may, under certain conditions, notify employees to terminate labor contracts and implement severance procedures. In the event of major operational changes, TBB is required to provide an advance notice based on the minimum period for employees in accordance with the regulations in the provisions below:


Employees who have continuously worked for more than 3 months but less than 1 year are required to provide a 10-day notice. Employees who have continuously worked for more than 1 year but less than 3 years are required to provide a 20-day notice. Employees who have continuously worked for more than 3 years are required to provide a 30-day notice.

After receiving the advance notice referred to in the preceding paragraph, the employee may ask for leave of absence during working hours to find a new job. Such leave of absence may not exceed two work days per week. Wages shall be paid during such leave of absence.

Employee Complaint Mechanism

TBB has established employee complaint announcements which are posted by all units at prominent locations (or internal announcement bulletin boards). The complaint channels include:


Employee Complaint Mechanism

Employee complaints can be filed verbally and must, as a principle, be filed internally first. If the internal complaint is not adequately processed, the employee may submit a written complaint to the county, municipal government or labor inspection agency of each unit.


Employee Satisfaction Survey

The Bank conducted the "Employee Satisfaction Survey" for the first time in 2020. The questionnaire covered 20 closed-ended questions as well as open-ended opinion statements. Questions were asked on a 5-point scale (i.e. "strongly agree" scored 5, "agree" scored 4, "normal" scored 3, "disagree" scored 2, "strongly disagree" scored 1). The survey results for the past 4 years are as follows. We will continue to collect the opinions of our staff on the work content for the reference of continuous improvement of our management.


Employee Satisfaction Survey
Year 2022 2023 2024
Number of questionnaires 5,269 5,309 5,428
Number of questionnaires collected 4,087 4,476 5,209
Collection rate 77.57% 84.31% 95.97%
Overall commitment 78.12% 81.27% 81.34%
Content on each aspect
  • Work environment and sense of achievement
  • Organizational culture and communication
  • Organizational system and learning
  • Salary promotion and welfare
  • Overall satisfaction for career development
Improvement measures
  • To enhance the work experience of employees and cultivate talents, the Bank implements regular or irregular rotation of employees' positions or service units in order to flexibly utilize human resources.
  • In response to the challenges of global climate change, the Bank strives to move towards the goal of low-carbon operation. Through carbon reduction in operations, the Bank implements measures such as updating old air-conditioning equipment at business locations, power saving competitions at branches, responding to green office promoted by the Ministry of Environment at branches, and increasing the use of renewable energy.
  • Implement maternity-friendly care measures and focus on employee care: Focus on employee care, enrich the Bank’s material Issues in social aspect; and optimize maternity-related benefits and measures.