中国移动宣布降薪方案
The annual salaries of senior management at China Mobile will be slashed by half, and other lower level management salaries will also be lowed accordingly.
中国移动高层管理人员年薪将削减一半，其他低层次管理人员的薪水也将相应下降。
The state-owned telecommunication company released the salary clampdown plan during its midyear work conference.
The move comes after the second stage of salary reforms by the countries state-owned enterprises kicked off earlier this month.
According to the reform plan, a monthly salary ceiling for senior management of SOEs is capped at 8000 yuan for senior managers.
The average salary for senior leaders in 2012 was 12 times that of ordinary staff, but this year has dropped to 7.8 times under the reforms.