Boxed in by Chinese rivals, Samsung to sack 1,000 in India
Samsung will slash about 1,000 jobs in India as the brutal war with Chinese companies forces the Korean giant to cut prices of smartphones and televisions, shaving off margins and reducing its profits, said three senior industry executives who sought anonymity.
Feel sad for our young talented boys.Hope govt steps in and stops job cuts .
Indians feel proud in buying cheap and sub standard Chinese product and make those illiterate rich and fat to fund our enemy Pakistan for terror export and bleed India
Cheap chinese chor copied every thing from big R&D firm and then produce cheap inferior products
Modiji inaugurated this very Samsung Factory under make in India. If every one had bought a Samsung , it would have grown like Nokia in prior decades. But the treachery of buying Chinese phones have laid low an honest investor like Samsung and also lost Indians 1000 precious jobs in factory and many more in vendor base. Thos ewho use Chinese phones should be stripped of all assets and deported to China by having to swim in Indian ocean.
Samsung have high price tags for their smartphones and TVs. They should reduce the same and gain market share instead of handing pink slip to employees.
These companies have no future planning. They employ men when they have orders and fire them when orders come down. All due make profit at the earliest and not thinking about the future of those employed.
Strange but true,not even one Indian company to compete with the Chinese and Samsung . What a shame to a country with 1.3 billion people that no smartphone or tv or appliances you buy are produced from an Indian manufacturing giant.
First they hire in excess at high salaries. Now they are concerned about cost cuttings.
Easy layoffs @ India. No one cares