Home » Huawei Is Reportedly Providing Team $286m In Bonuses For Sticking Through US Ban
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Huawei Is Reportedly Providing Team $286m In Bonuses For Sticking Through US Ban

Technology

According to the Reuters report on Tuesday, Huawei is reportedly dishing out 2 billion yuan ($286 million) in staff bonuses to workers who helped it through the US ban. Huawei also told its 190,000 employees that most will be paid double this month.

According to Reuters quoting a company spokesperson, the bonuses are most likely going to Huawei’s R&D arm and to the teams working on finding alternate supply chains after being banned in the US.

Huawei was blacklisted in May when it was added to the United States’ “entity list”.

In addition to adding Huawei to the list, US President Donald Trump at the same time signed an executive order essentially banning Huawei in light of national security concerns that this company had close ties with the Chinese government. Huawei has repeatedly rejected that charge.

CNET sister site ZDNet reported that Ren Zhengfei, Huawei founder mentioned that this company is coping fine with the US trade ban.
Just days later, Trump’s tech chief criticized countries for “opening their arms” to Huawei after the UK apparently delayed the decision on whether Huawei will have access to its 5G networks.

On Oct. 28, the US Federal Communications Commission announced that it would cut off investing to any carriers that use equipment from Huawei and fellow Chinese tech company ZTE.

US Commerce Secretary Wilbur Ross said licenses allowing US companies to sell equipment to Huawei “will be forthcoming very shortly” last week.

Source: https://www.cnet.com/news/huawei-is-reportedly-giving-staff-286m-in-bonuses-for-sticking-through-us-ban/

About the author

Reza Mousavi

Reza Mousavi

Reza is a freelance journalist and content writer with experience in Digital Media and Public Relations. He has 6 years of experience working with media, communication agencies and companies of all sizes and fields. He has written contents for several websites and had published pieces.

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