Korean newspaper KED Global: Executives from all Samsung Group divisions will go into emergency mode as early as this week, working six days a week. The move comes after some of the group's core businesses delivered weaker-than-expected results in 2023, with a sharp depreciation of the won, rising oil prices and high borrowing costs exacerbating business uncertainty. It was carried out in the midst of According to Samsung Group officials, the sales department will work on Saturdays or Sundays in addition to the usual five-day work week.
Both companies may review their business strategies to adapt to the changing business environment amid heightened geopolitical risks due to the prolonged war between Russia and Ukraine and escalating tensions in the Middle East. “Considering that the performance of major divisions, including Samsung Electronics, fell short of expectations in 2023, we will introduce a six-day week to give executives a sense of crisis and to do their best to overcome the crisis.” said a Samsung Group company executive.
Management teams at Samsung Display, Samsung Electro-Mechanics, and Samsung SDS plan to introduce a six-day week as early as this week. Samsung Life Insurance and other financial services companies under the Samsung Group are expected to join soon. Executives from Samsung C&T, Samsung Heavy Industries, and Samsung Electric Works have already been voluntarily working six days a week since the beginning of this year.
