Huawei Negotiates Employee Compensation Plan
The sale of Honor by Huawei has been confirmed this morning and has been discussed for the past couple of weeks. The new owner of the Honor brand was created by a consortium of more than 30 agents and dealers of the Honor brand and the Shenzhen Smart City Development Group Co.
Many Huawei employees want to leave for the new Honor
The official amount is not disclosed, however, according to rumors, Huawei will receive $ 15.2 billion. Upon completion of the procedure, Huawei will not own any shares in the new company Honor.
Now, sources close to Huawei have said that many of the company’s employees have been eagerly awaiting these changes and are working hard to move to the new company Honor.
The statement said that Zhixin New Information Technology “will acquire all business assets associated with the Honor brand.” As for employees, the new Honor will definitely have some old top managers and engineers, and there is no exact information about the transfer of Huawei employees.
It was also reported that Huawei is negotiating a compensation plan for employees who are moving to the new company. There are two options: the first is to buy back all shares at the original price, and the second is to pay 1.7 times the 2019 salary.
