Huawei plans more cuts to jobs, investment in Australia

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 66%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The Australian operation of Chinese telecommunications equipment maker Huawei Technologies Co Ltd said it would continue to cut staff numbers and ...

SYDNEY: The Australian operation of Chinese telecommunications equipment maker Huawei Technologies said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.

In 2018, Australia banned Huawei from supplying equipment for a 5G mobile network citing national security risks, a move the company criticised as being politically motivated."In simple terms the 5G ban on Huawei has cost us 1,000 high-tech and high-wage jobs from the economy," Jeremy Mitchell, Huawei's chief corporate affairs officer for Australia, said in an emailed statement.The Australian Financial Review first reported the comments.

Huawei had terminated A$100 million of research and development investments in Australia since the 5G ban, Mitchell said.Huawei last month said it would end its sponsorship of an Australian rugby league club a year earlier than expected due to a downturn in its business.Diplomatic relations between Australia and China have soured this year after Australia called for an independent international investigation into the source of the COVID-19 pandemic.

Beijing was angered by the move and has since blocked Australian beef imports, placed dumping tariffs on Australian barley, and launched an anti-dumping investigation into Australian wine.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 6. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Huawei plans more cuts to jobs, investment in AustraliaSYDNEY (REUTERS) - The Australian operation of Chinese telecommunications equipment maker Huawei Technologies Co Ltd said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.. Read more at straitstimes.com. Huawei Going Away 😊😊😊
Herkunft: The Straits Times - 🏆 8. / 63 Weiterlesen »

Huawei plans more cuts to jobs, investment in AustraliaSYDNEY (REUTERS) - The Australian operation of Chinese telecommunications equipment maker Huawei Technologies Co Ltd said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.. Read more at straitstimes.com. Huawei Going Away 😊😊😊
Herkunft: The Straits Times - 🏆 8. / 63 Weiterlesen »

Keppel Capital ties up with Korea's pension fund to explore investment opportunitiesKEPPEL Corp on Monday said its asset management arm, Keppel Capital, is partnering the National Pension Service of Korea (NPS) to explore investment opportunities for private infrastructure in Asia. Read more at The Business Times.
Herkunft: BusinessTimes - 🏆 15. / 51 Weiterlesen »