Samsung extends workday to 6 days to ‘give a sense of crisis’

Samsung is making changes to its labor policy, which primarily affects managers working in the company. Reportedly Korean Economic NewspaperThe South Korean company will force high-ranking officials of several of its divisions to work 6 day work weekinstead of the five days they had so far.

The changes came after Samsung FY 2023 results published below expectations, – states the above-mentioned publication. In fact, the company emphasized to its employees that “in recognition that the performance of our major businesses, including Samsung Electronics Co., has not met expectations in 2023, we are introducing a six-day workweek to ensure that executives create a sense of crisis and do your best to overcome it.”

Samsung could also introduce a six-day workday across its various divisions due to high competition in the development of broadband access chips, commonly used for artificial intelligence. In fact, as reflected in its 2023 results, Samsung reported a loss in its semiconductor business of about $11 billion, a significant loss when you consider that chip manufacturing accounts for 80% of company-wide profits.

Samsung divisions will switch to a 6-day working day

Currently, heads of departments Samsung display, Electromechanics SamsungAnd Samsung Safety Data SheetOther parts of the company, including those related to financial services, are expected to adopt this policy change later.

In any case and how Korean Economic NewspaperSome executives at divisions such as Samsung C&T, the company’s construction and engineering business, or Heavy Industries, its shipbuilding business, were already volunteering six days a week.

However, this change will not affect ordinary Samsung employees, but only company executives.