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Innovation

Samsung shakes up workforce in challenging times

Samsung Electronics is to redeploy around 15 percent of its Seoul workforce to other departments to strengthen on-site management, reports ZDNet Korea’s Jaehwan Cho.
Written by Jaehwan Cho, Contributor on

The world’s largest electronics business by revenue said the redeployed staff will be assigned to different divisions - either mobile, consumer electronics or components - and sent to Suwon or Samsung’s operations base outside the Korean capital, Seoul.

As of July, around 1,000 staff work at Samsung’s Seoul office located at Gangnam. Though Samsung is technically based in the city of Suwon, south of Seoul, which houses the largest proportion of its employees, senior executives usually congregate at its main office in Seoul for work, major decision-making, and public announcements.

The company said the move was to strengthen on-site management and improve output.

Market watchers say the workforce shake-up is likely part of the tech giant’s efforts to restructure its businesses following the announcement of less-than-expected profits for the second quarter this year.

Samsung announced it expects a profit of $7.1 billion for the second quarter, a decline of 24.5 percent year-on-year.

Samsung is asking for volunteers to transfer outside of Seoul.

Source: ZDNet Korea (zdnet.com.kr)

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