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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (201)	3/27/2017 1:36:32 AM
From: elmatador	Read Replies (1) \| Respond to of 13796

The article tells what I was telling TJ. I met my Huawei friend yesterday. Huawei is cutting 30.000 people. (It claims 186k employees). But the decision is not made public. 2.000 R&D staff per year aiming at those that are over 32 years old. 30% of the employees in the local units abroad will be shaved off. No employee over 45 at local units abroad. The employees at the local units abroad have 4-year contracts, once contract comes for renewing, if employee is over 42 it is not renewed and is sent home. The Huawei employees that made a lot of money and invested in China real estate, at the very early stages, are cashing on the real estate and using the money to get visas abroad. Most Chinese afraid of a crash of the RMB and the demand for dollar is big. Chinese can send abroad max. $50k. Rich Chinese get people of the country side to use them for the $50k quota of foreign remittances.