China

Huawei To Reward Its Staff With S$389 Million Cash Bonus For Helping To Fight The US Ban

Chinese telecoms giant Huawei announced today that it will be rewarding 2 billion yuan (S$389 million) cash bonus to all its staff for helping it weather the US trade blacklisting, which had a crippling effect on the firm.

According to the Nikkei Asian Review, an internal email was sent out to all staff.

It wrote that “in 2019, the company and all employees were, and are, facing extraordinarily external challenges. Upon approval by the company’s president, a special dedication award will be paid.”

After the United States banned it in May from doing business with American firms, Huawei has been trying hard to find alternatives to source for key parts.

According to Huawei, the cash bonus is a way for the firm to recognise staffs’ hard work in the face of US pressure.

There is also an additional bonus being paid to R&D and supply chain teams.

Huawei adds that it will also double pay this month for all 194,000 workers across 170 countries with a solid performance track record and no security-related black marks on their records.

Featured Image Credit: AP

 

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