Samsung Mobile to freeze the salaries of its employees, blame the plummeting profits:
With retail profits slipping away for a third consecutive quarter, Samsung is reportedly trying to cut down losses by freezing the salaries of its employees in 2015. This is one of the harsher moves that the South Korean top dog is seemingly about to undertake.
That piece of news is coming from an unnamed Samsung official, which claimed that “the management and employees have reached an agreement on fixing wages”.
Another Samsung representative later claimed that the exact reason for this unpopular decision is the slow rate at which China's ...
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