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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: pennywise who started this subject1/14/2002 12:11:37 AM
From: ms.smartest.person   of 2248
 
R Li: Employment to be considered on FTNS mkt opening

2002-01-14 09:42

(Infocast News) Referring to the Government's announcement of the complete openness of the FTNS market in 2003, PCCW (0008) Chairman Richard Li said that the issues related to the employment, economy and re-investments should be considered when the said policy comes into force since choices to consumers without re-investments are beneficial to consumers but not conducive to the local economy and employment.

Li denied that the openness of the concerned market imposes pressure on the company and meanwhile stated that the company has no plans of further staff dismissal and increase in phone charges.

And, 6 PCCW staff representatives yesterday launched a demonstration to request Chief Executive Tung Chee-hwa to review the criteria for the issue of FTNS licences, to maintain fairness and transparency on licence issue and to be considerate about the living of workers in the field of telecommunications so as to avoid any more lay-offs.



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