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China Telecom Gets Majority of Unicom Huasheng Staff

China Business News, 7/15/08

According to a source at Unicom Huasheng, China Unicom's (NYSE: CHU; 0762.HK; 600050.SH) handset procurement subsidiary, a conference at the Huasheng's headquarters yesterday determined that 50% of the headquarters' staff will transfer to China Telecom (NYSE: CHA; 0728.HK), while 50% will remain with China Unicom. All employees at the provincial and municipal levels will transfer to China Telecom.

Keywords: HR restructuring 0728.HK 0762.HK 600050.SH CHA China Telecom China Unicom CHU Unicom Huasheng telecom wireless procurement

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