The Economic Times

Samsung in rejig mode to boost India play: Company to remove overlapping functions across TV & home appliances units

Samsung is restructuring its Indian operations to improve profitability in home appliances. This move follows pressure from slowing smartphone demand and rising component costs. The company aims to eliminate operational layers and overlapping functions within its sales divisions. Job losses are possible as Samsung seeks to accommodate most employees in new roles. This restructuring initiative may extend to other global subsidiaries of the electronics giant.