While the four-day working week model adopted by many companies around the world has become widespread, it has been learned that Samsung is preparing to implement a different working policy by going against this trend.
The company will increase weekly working hours by going into crisis management mode to combat increased competition, global economic uncertainty and avoid financial concerns.
Who Else Does the Six-Day Working Hour Cover?
Samsung has announced that it will implement a company-wide six-day work week policy for managers as part of emergency measures to overcome some of the difficulties it has experienced recently.
The implementation of this operating policy was prompted by a number of economic factors, including the company’s failure to meet its financial targets last year, rising borrowing costs, the rise in oil prices and the rapid depreciation of the Korean currency.
“Considering that the performance of our major units, including Samsung Electronics, remains below expectations in 2023, we are introducing the six-day work week to instill a sense of crisis in managers,” a Samsung Group executive said, according to information obtained by The Korea Economic Daily.
While managers at the growing Samsung have been working six days a week on a voluntary basis since the beginning of the year, managers from other divisions such as Samsung Electronics, Samsung SDI and Samsung SDS will now also work.
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He is also expected to work an extra day in addition to these six days of work.
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