Uniview Executives Ask For 10% Pay Cut

By Joyce Ho, Published Nov 16, 2022, 09:06am EST (Info+)

Uniview executives asked for a 10% pay cut with the company's President praising the request. Uniview's revenue has declined significantly, a first for the company since its founding in 2005, and an economic slowdown has increased challenges.

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In this report, IPVM examines the employees' letter to Uniview's president, his response, and the broader implications for China's economy.

Executives *** *** **% *** ***

*** ***** **** ** ** ********** with ~* ******* *********, ****** ****** **** **** ******* executives ** *** ********** **** ***** the *********, ***** *******, *** * 10% *** *** ** ***** ***** *******'* ********* ********** *********** ******** **********. ** *** first **** ** ****, ******* ******** a **% ******** ** ******* *** a **% ******** ** *** *******.

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** ********, *** ********* ******* *** executives, *** ******** ***** ************, *** said **** **** ********* ** *** laying *** ** ******* ***** *****.

** ********* *** **************, *******, *** accountability *** ********** ****, *********** **** when ****** ****** ****** *** ** example *****, *** ******** *** ** solved.

*** *********'* ******** **** ******** ******** references ** * ************ ******, ***** the ******* ***** **** ***** **********. However, ***** ********** **** "****** *** only ****** ***** *** ********* *** not ****** *** *****," **** ** Uniview.

*** *** ***** **** **** "*** management ** *** ******* ***** ******* on *** ****** *** ***** ** reducing *****," *** ** *** *** certain ******* ** ***** *** ******** everyone's ***** ** **** *** ***** wages.

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*** **** **** ******** *********** ** the ***** ************** ******* *** ********** team *** *******.

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* **** ***** *** **** *** uploaded, ******* *** *** ********* ** domestic ******* ***** *** **** **** returned ****'* ******* *** *******.

Foreshadowing ****** *** ****

**** *************** **** *** ****** **** ************* leaked. *** **** *** ** ** attempt ** **** ********* ** *** industry ** ***** *** ********* *** cuts *** ** * ******** ********* and *********** ******** ********** ***** ******* the ********* ** ** *********** *** employees ** '**** ************** *** ***** being **** ***.'

******** *********** ************ *****'* ******** ******** ** ***** Uniview *** *** ****** ****** ************ that********* ********* ********** ********** **** ********** ***** ******** ******* ************* ** ******* **** ********* **.

China ****** *** *********

*** **** ********** * ******* ******* that **** *** ********* *** ********* to **** * *********.

** **** ******, ****** ******* *** Zhengfei**** ** ******** *********** ********* **** ******'* ******** ** at ***** ** *** **** *** years ******* ** *** "****** *********."

** *** ****** ******* ** ****,*****'* ******* ************* ************* ** ***** ********* ***** **** slowed **** *************. **** *****, *** PRC ***************** ********** ******** ********** *** ** by * ********** ********* **** *** ****** **** had********* ** * ******** *.*%.

** ***** ** ***** ********** ** economic ********, ***** **** *** ** **** ***** ** China, ***** *** ******** *** *******'* growth.

Comments (1)

*******,**.*** ** ***** *** *** *** staff ** ***** ****** *****

******* *-******** ***** **.*** **** *** pay *** **** **** *,*** *** employees ** ** ** **%, ****** the **** **** **** **** **** slowing ****** *** ******* *** ******* of *****-**** ***** -- ** ******** nod ** *******'* **** ** ****** the *******'* ****** ***.

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