Huawei to give $286mn in bonus to staffs for helping out amid US sanction


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Huawei to give $286mn in bonus to staffs for helping out amid US sanction

Earlier on Tuesday, the 12th of November 2019, world’s No. 1 telecommunication equipment manufacturer, Chinese telco conglomerate Huawei Technologies had issued a statement saying that the company’s management board had reached a decision to hand over a hefty sum of $286 million in raw cash rewards as bonus to its working staffs in order to paving a way to weather a stormy US trade blacklisting, which had every potentiality to handicap the world’s largest tech tycoon’s supply chain.

Aside from that, a confidential Huawei document seen by a press agency reporter had also revealed that the Chinese telco gear maker would double pay this month to all of its 190,000 employees across the globe, while the document had also revealed that the extra cash had been a reward of recognition for work despite a havoc-scale US pressure, which later appeared to be a leverage for Republican US President Donald Trump in Sino-US trade war.

Meanwhile, Huawei executives had also added in Tuesday’s (November 12th) that it had been seeking for alternatives to US-made hardware following a US trade blacklisting back in May this year, which in effect had barred US suppliers of Huawei to sell critical tech equipment to the China-based pioneer of fifth-generation technology, while the US-based Apple Inc., which had been using Intel modem chips, said earlier this year that it might even require late-2020 to release a 5G enabled iPhone in the market.