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China Unicom to Lower Staff Bonuses

Xinmin.cn, 3/06/09

Chang Xiaobing, CEO and chairman of China Unicom (NYSE: CHU; 0762.HK; 600050.SH), has stated that his company will be reducing bonuses this year for both Unicom and China Netcom staff. Chang mentioned that when business was good, it was normal for employee remuneration to rise, and that when business was not good it was natural for remuneration to fall.

Keywords: HR 0762.HK 600050.SH Chang Xiaobing China Netcom China Unicom CHU telecom wireless

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