Recent data shows that Samsung has cut its workforce for the first time in seven years, which is a result of its restructuring efforts in China. The total number of employees of the world's largest electronics brand fell 5.2% from 325,677 in 2015 to 308,745 in 2016.
The number of Samsung employees in Korea fell 3.8% to 93,204 and the numbers abroad fell 5.8% to 215,541. Interestingly, the number of Samsung employees in China fell a whopping 17.5% to 37,070 last year, but the number increased in North and South American markets surged 8.5% to 25,988.
According to a company official, Samsung's manpower fell in Korea due to to the sale of its printing business to HP. The company did a corporate restructuring at its factories in China and other Asian markets as well, which led to an overseas manpower cut.
The female employee ratio at Samsung fell 2% to 44% last year, but the number of female managers and executives rose from 12.4% and 4.5%, respectively, to 12.7% and 6.3% last year. Samsung reportedly has 2,468 co-operative business partners across the globe.
