Sunday, July 14, 2019
Huawei continues to face difficult times for US sanctions against the Chinese company. Just recently, the technology giant has cut its predictions. Now he wants to reduce employees in the United States. In China, posts await at home.
The Chinese manufacturer of network equipment and mobile phones Huawei wants to lay off employees based on a large-scale newspaper report in the United States. Interested are the employees of the research and development branch Futurewei Technologies, reports the "Wall Street Journal", citing insiders.
It is said that hundreds of jobs could be canceled. Employees of China have been offered to move to places in their home country. Futurewei Technologies employs 850 people in different cities in the United States, according to the newspaper. Initially, Huawei was unable to express an opinion.
The US government has blacklisted Huawei, stating that the technology of the company could be used for espionage in the United States. As a result, US companies are prohibited from doing business with the Chinese group. Huawei refuses the charges.
"Can't be beaten to death"
The sales ban has a negative impact on the business: Huawei recently compiled its sales forecasts for the current year and the next. Turnover will be $ 30 billion below forecasts for the next two years, Huawei chief Ren Zhengfei said in mid-June in Shenzhen, southern China.
This year, the international smartphone business will be reduced by 40 percent. Last year, the network and smartphone equipment supplier had made the equivalent of as much as $ 100 billion in sales.
Huawei will emerge stronger in a few years from its difficulties, the optimistic 74-year-old Ren added in June, optimistic: "I think we cannot be beaten to death in any case."
. (tagsToTranslate) Economy (t) Huawei (t) China (t) United States (t) Donald Trump (t) Business conflicts (t) Punitive duties