Samsung Cuts Manpower For 1st Time In 7 Years

Monday, 03 July 2017, 17:15 IST
37
36
71
13
Print Email


SEOUL: For the first time in seven years, the headcount of Samsung Electronics came down in 2016 mainly due to its restructuring in China, the company data showed on Sunday.



The number of employees of the world's largest smartphone and memory chip manufacturer fell 5.2 pct to 308,745 in 2016 from 325,677 the previous year, Yonhap news agency reported.



By region, domestic employees dropped 3.8 pct to 93,204, and those abroad declined 5.8 per cent to 215,541.



As of the end of last year, the percentage of the employees at Samsung's companies abroad dropped 0.4 percent to 69.8 percent.



The number of Samsung employees in China fell 17.5 percent to 37,070 last year from 44,948 the previous year while those in North and South America surged 8.5 pct to 25,988.



A company official attributed the cut in the number of employees partly to the sale of its printing business to HP.



Corporate restructuring in Samsung's factories in China and other Asian countries also led to the overseas manpower cut, he said.



The ratio of female employees accounted for 44 pct last year, down two percentage points from a year earlier.



The proportion of female managers and executives, however, rose to 12.7 pct and 6.3 pct last year from 12.4 pct and 4.5 pct, respectively, from a year earlier.



Samsung Electronics has 2,468 cooperative business partners across the globe as of the end of 2016 while maintaining 238 major production facilities, 53 distribution centres, 34 research and development centres, seven design centres and 73 service centres across the world.



Read Also:
Paytm Mall To Hire 3,000 Agents To Onboard Local Shopkeepers
ISB Students Get 22 Lakh A Year Job Offers


Source: IANS
SPOTLIGHT
IISc database on peninsular Indian
The Indian Institute of Science (IISc) on Sunday announced its database of flora in peninsular..
Inland, coastal maritime technolog
The Ministry of Shipping, under its flagship Sagarmala Programme, is setting up a state-of-the-art..
ISRO unveils 'Young Scientist'
State-run Indian Space Research Organisation (ISRO) on Monday announced the launch of its Young ..
Presidency University to offer
Presidency University is coming up with a specialised course in cyber security at its new campus, ..