Tuesday , October 20 2020
Huawei Big Move in Australia, terminate 490 million investments and cut 1,000 jobs
Huawei Big Move in Australia, terminate 490 million investments and cut 1,000 jobs

Huawei Big Move in Australia, terminate 490 million investments and cut 1,000 jobs

On September 22, Huawei’s Australian subsidiary recently announced that it would further lay off employees. Earlier, Huawei had announced that it would stop sponsoring the Australian rugby team in advance.

Lost 1,000 high-tech, high-paying jobs.

The reference source quoted Reuters as saying that at a time of tension between China and Australia, the Australian subsidiary of Chinese telecommunications equipment manufacturer Huawei stated that it would further reduce the number of employees and investment in Australia.

Jeremy Mitchell, the chief corporate affairs officer of Huawei’s Australian operations, said in an email statement: “The 5G ban against Huawei has cost us 1,000 high-tech, high-paying jobs.” “Our employees. From 1,200 to less than 200, the number will be further reduced by next year.”

Mitchell said that since the release of the 5G ban, Huawei has terminated the company’s A$100 million R&D investment in Australia.

Termination of sponsorship of the Australian Rugby team 1 year early.

Earlier, Australia’s relations with China deteriorated. Considering the unfavorable business environment in Australia, Huawei’s Australia branch announced that it has decided to stop sponsoring the Australian Professional Rugby League team and the Canberra Raiders as the main sponsor.

Huawei Big Move in Australia, terminate 490 million investments and cut 1,000 jobs
Huawei Sponsorshiped Canberra Raiders

Huawei Australia said in a statement on August 31 that it had signed a nearly ten-year sponsorship contract with the Canberra Raiders, whose home stadium is in Canberra, the Australian capital. This is the first such contract that Huawei has reached as a major sponsor in the world. It is also one of the highlights of the company “in some very difficult times”.

Huawei Australia branch decided to terminate the sponsorship plan that was supposed to last until the end of the 2021 season one year in advance. The company said: “The continued negative business environment has had a greater impact on our originally planned revenue stream than initially anticipated.”

According to previous reports by Australian media, although the epidemic caused the 2020 National Rugby League season to be suspended, Huawei increased its sponsorship of the team in March this year and obtained the naming rights.

Check Also

The U.S. asked South Korea to ban Huawei, which South Korea rejected

The U.S. asked South Korea to ban Huawei, which South Korea rejected

At the fifth Korea-U.S. Strategic Economic Dialogue on October 14, the U.S. government moved out …

Leave a Reply

Your email address will not be published. Required fields are marked *