Sources have said many times that Samsung will soon cut staff to reduce costs. Though Samsung has denied the rumors a few months ago about the mass dismissal, Korean media again today, talking about the upcoming cuts in the Korean company.
According to SamMobile, Samsung is soon to dismiss managers wanting to cut costs. Were laid off employees it is important to pay cash compensation. Also, a source familiar with the situation said that the Samsung factory now under negotiation with the employees in order to persuade them to join the system of voluntary retirement.
It is unclear how many employees plans to dismiss Samsung. But, according to experts, Samsung may cut staff from the scope of marketing, finance and HR 30%.
Recall, last week Samsung released a financial report for the third quarter 2015. At the end of the reporting period, operating profit rose for the first time after seven quarters of decline.