Thursday, June 28, 2007

Samsung in Crisis?

The Samsung Group has embarked on a restructuring drive, improving its management system and revamping its business structure. The group will review investment priorities, seek out new fields that will serve as its main growth engine over the next five to 10 years, create a global supply chain for components and get rid of waste. Samsung Group subsidiaries have already formed restructuring teams, and they have started working. There’s even talk that the workforce at some subsidiaries will face major downsizing.