Industry
Samsung units cut about 5,700 jobs through voluntary retirement
Aug. 18, 2016
Five of Samsung Group subsidiaries have slashed about 5,700 jobs so far this year via voluntary retirement programs, according to the units' regulatory filings on Thursday. The five units -- Samsung SDI, Samsung Electro-Mechanics, Samsung Heavy Industries, Samsung Engineering and Samsung C&T -- have offered early retirement or voluntary severance, as part of a drive to increase competitiveness and return to profitability. The five subsidiaries had a total of 49,259 employees as of June 30 this y