Samsung may lay off 5 per cent of its staff in India to reduce costs

People Matters•

23 October 2015|

Updated on 3 April 2020

Samsung Electronics is likely to lay off almost 5 per cent of its staff in India across managerial-level executives and factory and blue-collar workers as the Korean chaebol takes steps to become leaner and reduce costs amid slowing sales, five senior industry officials said.

Kolkata/New Delhi: Samsung Electronics is likely to lay off almost 5 per cent of its staff in India across managerial-level executives and factory and blue-collar workers as the Korean chaebol takes steps to become leaner and reduce costs amid slowing sales, five senior industry officials said.

Read this story on The Economic Times here

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#Jobs

#Corporate

#Layoffs

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