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Qinhuangdao Port Co. Announces RMB320 Million Provision for Employee Retirement Transition

Story Highlights
  • Qinhuangdao Port Co. plans a RMB320 million provision for retiring employees to optimize resources.
  • This move aims to reduce future labor costs and enhance the company’s competitiveness.
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Qinhuangdao Port Co. Announces RMB320 Million Provision for Employee Retirement Transition

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Qinhuangdao Port Co., Ltd. Class H ( (HK:3369) ) just unveiled an update.

Qinhuangdao Port Co., Ltd. announced a provision of up to RMB320 million for employees who leave their posts and wait for retirement as part of its strategy to optimize human resources, reduce labor costs, and enhance long-term competitiveness. This measure is expected to decrease net profit for the year but aims to reduce future labor costs, align talent with business needs, and fulfill social responsibilities by safeguarding employee rights.

More about Qinhuangdao Port Co., Ltd. Class H

Qinhuangdao Port Co., Ltd. operates in the port industry, focusing on the optimization of human resources and technological upgrades to enhance its core competitiveness and profitability.

Average Trading Volume: 953,234

Technical Sentiment Signal: Buy

Current Market Cap: HK$20.39B

For an in-depth examination of 3369 stock, go to TipRanks’ Overview page.

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