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China property developer follows Huawei with job cuts in Australia amid souring Beijing-Canberra ties

Summary:
[unable to retrieve full-text content]Chinese state developer Poly Developments and Holdings will cut jobs at its Australian real estate arm as it moves to slow capital investments in Australia amid a coronavirus pandemic-led downturn and souring relations between the two countries.On Thursday afternoon, Poly Australia told more than 100 employees across its offices in Sydney and Melbourne that a “substantial” number of staff will be cut by the end of the year as the company restructures to cope with the impact of Covid-19 and…

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[unable to retrieve full-text content]
Chinese state developer Poly Developments and Holdings will cut jobs at its Australian real estate arm as it moves to slow capital investments in Australia amid a coronavirus pandemic-led downturn and souring relations between the two countries.On Thursday afternoon, Poly Australia told more than 100 employees across its offices in Sydney and Melbourne that a “substantial” number of staff will be cut by the end of the year as the company restructures to cope with the impact of Covid-19 and…

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