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Redundancies at Samsung

Samsung logoElectronics giant Samsung has made a number of job cuts in Southeast Asia and Oceania, including from its marketing teams.

The company has been coy on the reason behind the restructure, saying that it is a result of a “changing business environment”.

According to sources, the number of people let go could reach triple figures, but a Samsung spokesperson said this was “way, way out of line”.

Samsung’s director of corporate affairs Richard Joyce told Mumbrella: “We work in very fast moving and changing business environment, and in light of that we are reallocating some resources.”

“This means that a small number of people will be moving on,” he said.

Joyce would not say what proportion of those losing their jobs worked in marketing.

Samsung executives were informed of the decision to restructure on Friday of last week.

The changes have been led by Kwang Kee Park, who was appointed CEO of Samsung Southeast Asia in July this year.

Park was promoted to run Samsung Southeast Asia after serving as CEO of Samsung Africa.

Prior to that, Park ran Samsung’s Thai division. During his stint in Thailand, Park and fellow Samsung executive Kim Chung-Jun were arrested for allegedly failing to pay Thai contractors.

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