Samsung Implements 6-Day Work Week for Senior Executives Amid Financial Struggles

With disappointing financial results, Samsung, the South Korean electronics giant, is taking a radical step to deal with business uncertainty: 6-day work week for all senior officers. This decision comes as the company tries to strengthen its performance in a difficult economic situation.

Work more to counter commercial uncertainty: a new labor policy

While the trend in France is towards 4 days a week, the feeling is different in South Korea. In fact, Samsung recently announced the establishment of a 6-day work week for all senior executives, with the aim of revitalizing its operations. This measure aims to introduce a sense of urgency and mobilize all available resources to overcome the current challenges. With a decline in financial performance, especially with a a significant reduction in turnover and operating profitsSamsung is trying to deal proactively to regain its momentum.

Senior executives at Samsung Electronics Co., as well as those at subsidiaries operating in key sectors such as display manufacturing, electronic components and IT services, must work 6 days a week. This decision also concerns the heads of business sectors, confirming the commitment of the company to mobilize all its strengths to restore its position in the global market.

Difficult economic context, and already tight working conditions in South Korea

This increase in working hours comes at a time when Samsung is facing serious economic challenges. Despite its dominant position in the smartphone market, the company reported a decline in sales, exacerbated by falling global demand for semiconductors. In addition, external factors such as the devaluation of the local currency, rising oil prices and borrowing costs increase economic uncertainty for the company.

In South Korea, where working time legislation allows 40 hours per week with 12 hours of overtime possible, Samsung’s decision raises questions about employee well-being and work-life balance. Although the government considered increasing the working week, this proposal was abandoned due to concerns about the health and well-being of workers.

A controversial strategy…which can be seen especially from France

While Samsung is relying on more intensive work to overcome the crisis, some question the effectiveness of this strategy in the long term. In a context where many countries and companies are adopting more flexible work policies, this decision could attract criticism for its impact on the well-being of workers, which could experiencing burnout, and on the overall productivity of the company. Nevertheless, Samsung remains committed to meeting the current challenges and renewing its position in the global electronics market.