Harmony Auto's Response to Alleged All-Employee Salary Reduction

TapTechNews August 26th news, according to Blue Whale News report, Harmony Auto responded that the operation is currently normal regarding the matter of all employees' salary reduction being exposed.

Harmony Auto said: The salary reduction for all employees is a phased measure of our active adaptation to the general market environment to increase the ability to resist future risks. The company is confident that through various measures, this special stage can be ended as soon as possible.

According to the previously circulated A Letter to All Employees of Harmony Auto, the company decided to take emergency measures of salary reduction for all employees at the headquarters and its subsidiaries from August to December 2024, among which the salary of the chairman is halved, and the salaries of senior and middle-level management are reduced by 35% and 25% respectively, and the salary of other employees is reduced by 15%.

TapTechNews learned from public information that China Harmony Auto Holdings Limited specializes in luxury and super-luxury car brands and operates 14 luxury and super-luxury brands such as Rolls-Royce, Bentley, Ferrari, Lamborghini, and Maserati in mainland China.