China Mobile in Pay Clampdown | |||||||||||
|
|||||||||||
http://english.dbw.cn
2015-07-24 08:57:51
|
|||||||||||
The annual salaries of senior management at China Mobile will be slashed by half, and other lower level management salaries will also be lowed accordingly. The state-owned telecommunication company released the salary clampdown plan during its midyear work conference. The move comes after the second stage of salary reforms by the countries state-owned enterprises kicked off earlier this month. According to the reform plan, a monthly salary ceiling for senior management of SOEs is capped at 8000 yuan for senior managers. The average salary for senior leaders in 2012 was 12 times that of ordinary staff, but this year has dropped to 7.8 times under the reforms. |
|||||||||||
Author: Source: xinhua Editor: Yang Fan |