Jul 18, 2008
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.
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.
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