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Samsung Shifts To Emergency Mode With 6-day Work Week for Executives
Korean newspaper KED Global: Executives at all Samsung Group units will work six days a week from as early as this week in a shift to emergency mode. The move comes as the won's sharp depreciation, rising oil prices and high borrowing costs aggravate business uncertainties after some of the group's ...
The move comes as the won's sharp depreciation, rising oil prices and high borrowing costs aggravate business uncertainties after some of the group's mainstay businesses delivered poorer-than-expected results in 2023. They will review their business strategies and may modify them to adapt to the changing business environment amid mounting gepolitical risks from the prolonged war between Russia and Ukraine and escalating tensions in the Middle East. "Considering that performance of our major units, including Samsung Electronics Co., fell short of expectations in 2023, we are introducing the six-day work week for executives to inject a sense of crisis and make all-out efforts to overcome it," said a Samsung Group company executive.
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