AFP – Samsung Electronics said yesterday it was planning to cut jobs in some of its Asian operations, after a report that one in 10 posts in affected markets could be axed.
The world’s largest memory chipmaker is modifying staffing levels in Southeast Asia, Australia, and New Zealand, a company spokesman told AFP, adding that “the adjustments include job cuts”.
The “routine workforce adjustments” are carried out “to improve operational efficiency,” said Samsung Electronics in a statement.
“The company has not set a target number for any particular positions,” added the maker of Galaxy smartphones.
Bloomberg reported however that the layoffs could affect about 10 per cent of the workforce in those markets.
The Suwon-based firm employs more than 267,800 workers, with more than half of its total workforce abroad.
