Sany denies massive job cuts rumor

Changsha (CNS) – Sany Heavy Industry, a Chinese enterprise ranked among the world's top 500, released a notice on Tuesday night denying earlier reports that the company planned to cut 30 percent of its staff.

Media reports rumoring the job cuts triggered public discussions about Sany's involvement in the Fukushima Nuclear Power Plant crisis last year.

Sany's failure to become a public company by the end of last year also encouraged a rumor that the company was struggling with cash flow problems.

In response, a Sany official denied the rumors and confirmed that the company is operating in good condition without any financial difficulties, and that the company's recruitment is still available to the public.