Wanda Group, Emergency Statement

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Shandong Business Daily · Subao News Network noticed that on May 20, Wanda Group’s official website released an official statement.

Recently, market news said that "Wanda will lay off large-scale employees, involving a proportion of more than 30%".

Just now, Wanda Group’s official website released an official statement: The news of Wanda’s large-scale layoffs on the Internet is untrue.

Wanda Group said that Wanda is indeed optimizing personnel, involving the compression of individual departments, but there are no large-scale layoffs, and some departments are still increasing personnel.

Previously, there were media reports that Wang Jianlin’s Wanda Group will start large-scale layoffs before June, with an estimated proportion of about 30%. Senior management may be demoted and paid, and the company will not make up for any vacancies. In principle, the company can only go in and out.

According to reports, people close to Wanda Group said that the group will start large-scale layoffs before June to reduce personnel costs. Wanda is also "throwing money" around by pledging financing, reducing holdings and cashing out.

Dalian Wanda Group is the largest commercial real estate developer and operator in China, and Wanda Commercial Management is one of the core assets of the group, responsible for the operation and management of more than 470 Wanda Plaza and more than 130 hotels under Wanda.

According to Wanda’s official website, Wanda Group was founded in 1988 and has developed into a large-scale enterprise group focusing on modern service industries. Its subsidiaries include business management groups, cultural groups, and investment groups. Among them, business centers, film and television, sports, and children’s industries are in a leading position in the world. The current chairperson of the group is Wang Jianlin.

Dong Xue, Editor of Shandong Business Daily, Subao News Network

Comprehensive, China Fund News, Jimu News

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Original title: "Wang Jianlin Wanda Group, Emergency Declaration"

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