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Last updated: October 17th, 2016 at 04:15 UTC+02:00
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Samsung Group is the conglomerate's umbrella under which all of its 50-plus affiliates operate. Its battery-making affiliate Samsung SDI announced last year that it would lay off around 12,000 senior employees by 2016. Samsung Electronics had 95,420 employees in the first half of this year, down 3,579 workers from the same time last year. Nearly 2,000 workers were laid off from Samsung Heavy Industries, Samsung Electro-Mechanics and Samsung SDI as well.
This is all part of Samsung's efforts to restructure its conglomerate and focus more on its core businesses, a leaner organization is certainly one of the ways to go about it.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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