- Samsung introduces a six-day workweek for its executives in response to mounting business challenges.
- The new schedule aims to address issues such as rising oil prices, increased borrowing costs, and currency devaluation in South Korea.
- Executives at Samsung Electronics now have the option to work on either Saturday or Sunday, providing them with flexibility to tackle market dynamics more effectively.
Samsung, the South Korean tech giant, has initiated a six-day workweek for its executives as a strategic response to various business hurdles. The decision comes amidst rising oil prices, increased borrowing costs, and a significant drop in the value of South Korea’s currency, the won. The move aims to enable executives to tackle these challenges more proactively.
Under the new schedule, executives at Samsung Electronics can opt to work either on Saturday or Sunday, offering them some flexibility. However, regular employees will continue with the standard five-day workweek. The change reflects Samsung’s determination to address pressing issues in a dynamic market environment.
Despite recent setbacks, including a drop in the value of the won, Samsung remains resilient, reclaiming its position as the global leader in smartphone shipments. Looking forward, the company anticipates improvements in smartphone demand and anticipates benefiting from the upward trend in semiconductor prices.
