Weekly CSR Email Newsletter
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
• Global CSR Summit 2009 @ Singapore - 2009/01/13
• 2nd Annual Anti-Corruption Asia Congress @ Hong Kong - 2009/01/19
• Outsourcing Asia Summit 2009 @ Singapore - 2009/02/18
• Anti-Monopoly & Competition Law Asia Forum @ Hong Kong - 2009/02/24
• Ultra High-rise Buildings Summit @ Shanghai - 2009/03/26
• Export Control and Trade Compliance Asia Summit @ Beijing - 2009/04/21
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
KongZhong Cuts Staff
August 1, 2006 |
Print
| 
Email
| Category: News
Chinese wireless value-added services firm KongZhong says it is eliminating 15% of its workforce.
Commenting on the event, Yunfan Zhou, Chairman and Chief Executive Officer, said, "It is unfortunate that we have to let some people go in response to the changes in the market environment. I would like to thank all of our employees for their dedication and hard work. Although we are going through a difficult time, we will continue to focus on our two major businesses - wireless value added services and wireless internet portal. We strongly believe in the long term prospect of wireless Internet and are confident we will continue to be one of the market leaders in China."
In response to new policies issued by the telecommunication operators in China, KongZhong Corporation lowered its 2006 revenue guidance on July 7, 2006.
To reduce cost and improve operational efficiency, KongZhong says it initiated a headcount reduction program and is in the process of reducing its workforce by approximately 15%. The company had 1,016 employees at the end of June 2006. The company plans to complete the headcount reduction program within two weeks.
Rate this page: 
Loading ...Leave A Comment:
-
Business & Society
-
Consumer
-
Education
- CUG Offers One-stop Service For Students
- China To Provide Scholarships For SUNY Undergraduates
- China To Help Pay Tuition Fee And Loans For College Graduates Going West
- ME Invests CNY4.4 Billion To Speed Up Education In Middle And West China
- Johnson Controls Works With SIFE China To Help Build Future Business Leaders
-
Happenings
-
Health
-
Labor
- Staff Claim Compensation From Sony Ericsson In Beijing
- Macau Companies Rush To Sign Labor Contracts With Employees
- Multinational Companies Must Not Delay Establishment Of Trade Unions In China
- China Will Give High Priority To College Graduates' Employment
- Manufacturer Wins Right To Dismiss Trade Union Chief In China
-
Law & Order
-
Viewpoints
- Global Financial Woes May Impact Corporate Social Responsibility In China
- Harmonious Corporate Social Responsibility In China: More Prophesy Than Reality?
- Year Of The Rat Brings A Plague Upon Employers In China
- Incorporating Healthcare Into CSR Programs
- MBA Toolkit For CSR: Government Relations And Public Affairs
Copyright 2003-2009 ChinaCSR.com. All Rights Reserved.
ChinaCSR.com is a service of BDL Media Ltd. If you would like to syndicate these articles and posts, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from BDL Media.
