Huawei plans more cuts to jobs, investment in Australia

SYDNEY - 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.

"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. Huawei had terminated A$100 million of research and development investments in Australia since the 5G ban, Mitchell said.

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