Date
6 December 2019
Huawei is preparing to reward staff who helped the company weather the impact of US trade sanctions. Photo: Reuters
Huawei is preparing to reward staff who helped the company weather the impact of US trade sanctions. Photo: Reuters

Huawei to reward staff with huge bonus as it rides out US curbs

Chinese telecoms equipment giant Huawei Technologies said on Tuesday that it will hand out 2 billion yuan (US$286 million) in cash rewards to staff working to help the firm ride out US sanctions.

The reward is a mark of recognition for work in the face of US pressure, Huawei’s human resources department said in a notice to staff, Reuters reports.

The company will also double pay this month for almost all its 190,000 workers, a company spokesman was quoted as saying.

The cash rewards will likely go to research and development teams and those working to shift the company’s supply chains away from the United States, the spokesman said.

Huawei had said earlier that it was seeking to find alternatives to American hardware after Washington all but banned the company in May from doing business with US firms, disrupting its ability to source key parts.

The company appears to have managed the crisis well, going by its third-quarter report which showed a 27 percent rise in revenue.

– Contact us at [email protected]

RC