Samsung Planning To Cut Jobs By 30%

Posted: Oct 31 2015, 9:55am CDT | by , Updated: Nov 2 2015, 10:29pm CST, in News | Technology News

Samsung Planning To Cut Jobs By 30%

Things are getting harder for the Korean giant.

Samsung claims that its top priority is to always save costs by recruiting less and more-educated employees.

In September, we heard that Samsung is planning dismissal of some of its workers in order to manage its costs.

Samsung denied the reports while quickly another new report emerged according to koreatimes, that a total of 1000 jobs are at risk in China.

Now, a new report has surfaced, according to which, Samsung has finally decided to fire some executives and managerial-level workers so that the costs spend on salaries can be reduced.

An official in the report said that Samsung’s priority to save the costs is finally under action. Workers with average education and not very pleasing performance are asked to resign from the company but with heavy compensations.

The report also explained that the job cuts will be in those countries where Samsung has its own factories and manufacturing plants.

Several human resource officers have been asked to persuade the employees to self- join the "voluntary retirement system."

Among those, who can be asked to leave their jobs through electronic firing are the departments of finance, human resources and marketing.

Also, the firing will reduce the employees up to 30%. Samsung is expected to reshuffle its employees, mostly the top-level executives by the first week of December.

It is considered that most of the senior officials will be replaced with the young and the intelligent ones’.

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The Author

<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.




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