Samsung to lay off 10% of its workforce in India amid a factory strike crisis

Estimated read time 1 min read

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,…

​ 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,…   Read More GSMArena.com – Latest articles 

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