The
company
told
the
workers,
mainly
from
its
R&D
department,
that
they
will
receive
one
more
month’s
salary
before
their
pay
is
cut
to
80%
of
the
minimum
wage
for
Beijing.
The
news,
first
reported
by
Chinese
news
portal
Sina.com
and
confirmed
by
a
Sinovel
insider
who
does
not
wish
to
be
named,
comes
a
few
weeks
after
the
group
reported
its
worst
quarter
since
listing
in
January
2011.
The
company
recorded
a
third-quarter
loss
of
280m
yuan
($44.9m)
compared
with
a
242m
yuan
in
profit
a
year
earlier,
while
its
operating
income…