Feeds

ZTE claims it's hiring, not firing

Mobile giant says rumours are wide of the mark

Choosing a cloud hosting partner with confidence

Chinese telecoms outfit ZTE has hit back at rumours suggesting it will respond to sliding market share and a scary balance sheet by shedding 12,000 staff. Instead, the company says, we can expect a graduate hiring spree.

The Shenzhen-based firm, which last week warned that profits for the first half of 2012 could fall by as much as 80 per cent year-on-year, sent The Register the following statement:

ZTE is not planning any lay-offs this year and thousands of college graduates will join the company to work in R&D jobs, etc. The company is also committed to building up local employment in overseas markets, and continues to hire experienced local staff. To reinforce the strategy of internationalisation, ZTE is committed to promoting local staff to local management level to serve local markets.

Pretty unequivocal, then, from the world's fifth largest producer of telecommunications equipment.

It had been suggested that the firm has already been forced to undertake three rounds of redundancies and staff recalls from overseas offices since Chinese New Year.

Falling market share in the face of fierce competition, slowing demand and cash flow problems associated with several large, complex projects were given as the major reasons.

Having laid those concerns to rest, however, ZTE still has to deal with a number of potentially damaging investigations into alleged shady business practices.

The FBI is conducting one of these into allegations that the firm illegally sold US technology to Iran and then tried to cover it up.

ZTE refused to comment to The Reg about the investigation, but it appears the Chinese government has now waded into the affair.

Speaking at a Ministry of Commerce press conference on Tuesday, spokeswoman Shen Danyang told reporters, “We hope [ZTE] will receive objective, fair and proper treatment from the US”, according to Reuters.

The investigation comes at a delicate time for ZTE. Like its Shenzhen neighbour Huawei, the firm is trying to convince US lawmakers that its products don’t represent a national security risk to the States.

The US House of Representatives Intelligence Committee is investigating alleged ties with the Chinese government after fears were raised that kit produced by the two telecoms giants could give back door access to state-sponsored snoopers. ®

Intelligent flash storage arrays

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.