Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Unicom Denies Plans for Post-Restructuring Layoffs

The Beijing News, 7/18/08

A senior executive at China Unicom (NYSE: CHU; 0762.HK; 600050.SH) has denied rumors that China Unicom and China Netcom (NYSE: CN; 0906.HK) will make significant lay offs after the industry restructuring, and said that according to relevant regulations under the new Labor Law, China Unicom will neither make direct layoffs, nor adopt indirect measures, such as requiring employees to retire early.

Editor's Note: For more background on this topic, please see "New Unicom to Streamline Organizational Structure", MD 7/17/08 issue.

Keywords: HR 0762.HK 0906.HK 600050.SH China Netcom China Unicom CHU CN Labor Law restructuring telecom wireless


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports