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Samsung cuts manpower for first time in 7 years

For the first time in seven years, the headcount of Samsung Electronics came down in 2016 mainly due to its restructuring in China, the company data showed on Sunday.

The number of employees of the world’s largest smartphone and memory chip manufacturer fell 5.2 per cent to 308,745 in 2016 from 325,677 the previous year, Yonhap news agency reported.

By region, domestic employees dropped 3.8 per cent to 93,204, and those abroad declined 5.8 per cent to 215,541.

Corporate restructuring in Samsung’s factories in China and other Asian countries also led to the overseas manpower cut, he said.

The ratio of female employees accounted for 44 per cent last year, down two percentage points from a year earlier.

The proportion of female managers and executives, however, rose to 12.7 per cent and 6.3 per cent last year from 12.4 per cent and 4.5 per cent, respectively, from a year earlier.

Samsung Electronics has 2,468 cooper ..

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