Vivo arm sends memo on 50% pay cut

It's an internal letter, no final decision yet, says the firm

The extended lockdown and zero sales for nearly two months have impacted the finances of Vivo, the country’s second-largest smartphone firm by market share volume, which is now struggling to pay salaries to its employees.
 

For instance, Joinmay Electronics — a Vivo group entity that operates in western India — informed its employees, through an internal letter, that the lockdown extension had severely impaired its ability to pay salaries. Director Ding Zhijie said the firm was forced to implement “pay cuts for all employees beginning May 2020.
 

Accordingly, for the month, employees will draw a salary equivalent to 50 per