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Unicom Staff Begin Switch to China Telecom

CCTime, 9/05/08

Sources at China Unicom (NYSE: CHU; 0762.HK; 600050.SH) recently revealed that provincial Unicom subsidiaries have finalized the list of employees that will be transferred to China Telecom (NYSE: CHA; 0728.HK).

Zhejiang Unicom employees will make the switch to Zhejiang Telecom on September 8. Sources claim the entire CDMA staff will go to Zhejiang Telecom, with 20% of staff from other departments also being transferred.

Hainan Unicom has also announced its list, with 292 employees (approximately 20%) being transferred. Most of these employees will officially begin work at China Telecom on October 2, however a number of employees from the marketing department have already taken up their new positions.

Shanghai Unicom finalized its list of staff today, with 20% of staff from each of its departments making the move, or approximately 150 employees. These employees will sign contracts with Shanghai Telecom on October 1.

Keywords: restructuring HR 0728.HK 0762.HK 600050.SH CDMA CHA China Telecom China Unicom CHU Hainan Unicom Shanghai Telecom Shanghai Unicom wireless Zhejiang Telecom Zhejiang Unicom


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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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