Samsung to lay off 10% of its workforce in India amid a factory strike crisis

[DP]

Samsung to lay off 10% of its workforce in India amid a factory strike crisis

...Update: Reuters reports that this may be part of a worldwide plan for reducing the Samsung's workforce by up to 30%. South Korea-based HQ has instructed subsidiaries worldwide to reduce sales and marketing staff by about 15% and the administrative staff by up to 30%, Reuters sources claim. .........Samsung India is experiencing a turbulent period as it is losing ground to Chinese competitors. According to The Economic Times of India, the company will lay off nearly 200 people, which is about 10% of the workforce.......The announcement comes on the third day of protests at the Chennai factory,......

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