Uniview Executives Ask For 10% Pay Cut
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.
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 **% ******** ** *** *******.
** ********, *** ********* ******* *** executives, *** ******** ***** ************, *** said **** **** ********* ** *** laying *** ** ******* ***** *****.
** ********* *** **************, *******, *** accountability *** ********** ****, *********** **** when ****** ****** ****** *** ** example *****, *** ******** *** ** solved.
*** *********'* ******** **** ******** ******** references ** * ************ ******, ***** the ******* ***** **** ***** **********. However, ***** ********** **** "****** *** only ****** ***** *** ********* *** not ****** *** *****," **** ** Uniview.
*** *** ***** **** **** "*** management ** *** ******* ***** ******* on *** ****** *** ***** ** reducing *****," *** ** *** *** certain ******* ** ***** *** ******** everyone's ***** ** **** *** ***** wages.
*** **** **** ******** *********** ** the ***** ************** ******* *** ********** team *** *******.
* **** ***** *** **** *** 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.
*******,**.*** ** ***** *** *** *** staff ** ***** ****** *****