Update: Reuters reports that this may be part of a worldwide plan for reducing the Samsung’s workforce by up to 30%. South Korea-based HQ has instructed subsidiaries worldwide to reduce sales and marketing staff by about 15% and the administrative staff by up to 30%, Reuters sources claim.
Samsung India is experiencing a turbulent period as it is losing ground to Chinese competitors. According to The Economic Times of India, the company will lay off nearly 200 people, which is about 10% of the workforce.
The announcement comes on the third day of protests at the Chennai factory,…
Source: GSMArena.com – Latest articles
