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Huawei Rewards Employees for Battling US curbs

Misc News - Published on Wed, 13 Nov 2019

Image Source: businessinsider
Chinese telecoms giant Huawei Technologies is handing out CNY 2 billion in cash rewards to staff working to help it weather a US trade blacklisting. The cash is a mark of recognition for work in the face of American pressure. It will also double pay this month for almost all its 190,000 workers. The cash rewards will likely go to research and development teams and those working to shift the company's supply chains away from the United States It will probably amount to around CNY 100,000 (USD 1270) per employee.

Many in the US government believe that Huawei's equipment, particularly its 5G networks, pose a security risk, because of the company's allegedly close ties to the Chinese government. Huawei has denied the Chinese government plays any role in its operations.

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Posted By : TelecomGuru on Wed, 13 Nov 2019
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