Samsung Electronics to freeze salaries

Samsung Electronics to freeze salaries

Samsung electronics stated that it will freeze South Korean employee’s salaries in the year 2015.It was happened first time in last six years due to fall in profits with stiff competition. It lost its market share because of Apple Inc’s new iPhones and cheaper Chinese rivals like Xiaomi. Samsung was frozed salaries first time in the year 2009 due to the financial crisis impact.

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