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Last updated: July 7th, 2022 at 07:38 UTC+02:00
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The figure fell below 30,000 in 2018 and 2019 and fell to 20,000 in 2021. The trade war between the US and China played a significant role in workforce reduction over the past couple of years. Moreover, according to analysts, the shrinkage of the workforce in China is a result of the movement of production bases from China to other countries, preferably Vietnam and India.
On the other hand, the number of employees in the company's homeland of South Korea has seen a jump of 20% over the past five years. This is all thanks to the expansion of semiconductor factories in the country.
Samsung's decision to shift its production units out of the country was influenced by several major contributing factors, including Chinese regulations and discrimination by Chinese authorities, the COVID-19 outbreak, an increase in labor costs, local-demand-based policies, and price hikes.
Samsung has already been downsizing its presence in China and has closed multiple factories in the past few years. Currently, only a home appliance plant, a semiconductor back-end processing plant in Suizhou, and a memory semiconductor plant in Xian are being operated by Samsung in China.
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