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Decline in profits forces Samsung to freeze employee salaries

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Decline in profits forces Samsung to freeze employee salaries

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It’s no mystery that Samsung has been suffering to reflect its previous good fortune in the cellular business. The profits churned in by way of the corporate have declined rapidly, even threatening an government reshuffle past due final yr.

I new record now means that the Korean producer has placed a hang at the employee salaries given the monetary state of affairs that it’s in presently. It’s necessary to observe that the final time the corporate did one thing identical used to be again in 2009, which used to be by the way prior to it went large with the unique Galaxy O handset.

In order to building up profits, Samsung has carried out sure value slicing measures. Employees have been requested to take time without work holiday to get again into paintings, whilst executives have been advised to take financial system elegance flights for a adventure of underneath 10 hours. The corporate has additionally performed a few employee reshuffling, which has helped to some degree.

Samsung has positioned all its eggs in the Galaxy S6 basket now and can wish dearly for its good fortune. Judging through what we’ve seen in the leaks so far, it kind of feels like Samsung won't disappoint. The handset is predicted to be unveiled this Sunday at the 1st of March.

Via: Sam Mobile


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