South Africa’s labour department and a subsidiary of China’s Huawei Technologies Co Ltd, HWT.UL, have reached an out of court settlement on local hiring rules, they said in a joint statement on Tuesday.Authorities took Huawei Technologies South Africa to court in February, saying it fell short of a requirement for 60% of its workers to be South African, and sought a fine of 1.5 million rand, $99,300, or 2% of the unit’s annual 2020 turnover.Employment Equity PlanThe department had also asked the court to force Huawei to draft and implement an employment equity plan to hire more local workers a…

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