Huawei to offer $286 million in workers bonuses for serving to it by means of the US commerce ban

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2019 was definitely a tough 12 months for Huawei with the US commerce ban, which made it exhausting for the corporate to produce numerous elements and software program for its merchandise. Regardless of all of the obstacles the corporate managed to push by means of and proceed its progress in key sectors together with its smartphone and wi-fi community companies.

As a token of gratitude to its hard-working workers, Huawei is able to give an estimated CNY 2 billion ($286 million) in bonuses to over 190,000 workers members throughout 170 international locations. Based on a leaked inside firm memo, all lively Huawei workers with a efficiency ranking above C and no safety violations will obtain a bonus equal to their October base wage.

Whereas Huawei’s new handsets are seeing restricted availability internationally, its efficiency in its home market has carried out effectively to offset it. Most not too long ago, we noticed Huawei’s robust Q3 smartphone cargo results, which confirmed the corporate remains to be the second-largest smartphone firm by way of shipments whereas additionally posting a excessive yearly progress at simply over 28%.

Huawei to give its staff $286 million in bonuses for persevering through the US trade ban

Going ahead, the US Commerce Division is lastly expected to start issuing its particular commerce licenses for a large number of US tech corporations that wish to resume their enterprise ties with Huawei. This transfer would definitely be a welcome transfer for Huawei but it surely stays to be seen if key gamers like Google can be granted authorization by the US authorities.

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