We're not trying to dodge law:Huawei
The country's top telecoms equipment-maker Huawei Technologies said yesterday that the mass resignation last month by more than 7,000 of its employees was simply part of a program to boost its competitiveness.
The privately owned company is one of the first in China to give its staff stock options. However, it said it now needed to revise employment contracts to increase its efficiency, which had been damaged by both the stock option plan and its unique "job number" scheme.
Under the latter, workers who joined the Shenzhen-based company between its establishment in 1988 and 1999 were paid higher salaries and given a better benefits package.
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