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Samsung to recruit 5,500 graduates amid crisis
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Samsung to recruit 5,500 graduates amid crisis
Samsung Group, South Korea`s largest conglomerate, on Wednesday announced plans to hire 5,500 college graduates this year despite the global economic downturn.
The company originally planned to recruit 4,000 full-time employees this year, compared with 7,500 last year.
"But this was revised upward to 5,500 in order to give greater opportunities to recent college graduates," it said in a statement, adding its affiliates would also recruit 2,000 interns.
But the conglomerate has not set a group-wide investment plan for 2009 due to concerns about the deepening global crisis.
In the final quarter of last year Samsung Electronics, the group`s flagship business, reported its first-ever quarterly loss, which it said amounted to 20 billion won (13.8 million dollars).
For the full year the world`s largest memory chip maker saw its net profit drop 25 per cent from a year ago to 5.53 trillion won.
The country`s unemployment rate stood at 3.6 per cent in January, compared to 3.3 per cent a month earlier, despite a government drive to save jobs by expanding fiscal and tax incentives to companies.
Source:
http://economictimes.indiatimes.com/News/News-By-Industry/Jobs/Samsung-to-recrui
The company originally planned to recruit 4,000 full-time employees this year, compared with 7,500 last year.
"But this was revised upward to 5,500 in order to give greater opportunities to recent college graduates," it said in a statement, adding its affiliates would also recruit 2,000 interns.
But the conglomerate has not set a group-wide investment plan for 2009 due to concerns about the deepening global crisis.
In the final quarter of last year Samsung Electronics, the group`s flagship business, reported its first-ever quarterly loss, which it said amounted to 20 billion won (13.8 million dollars).
For the full year the world`s largest memory chip maker saw its net profit drop 25 per cent from a year ago to 5.53 trillion won.
The country`s unemployment rate stood at 3.6 per cent in January, compared to 3.3 per cent a month earlier, despite a government drive to save jobs by expanding fiscal and tax incentives to companies.
Source:
http://economictimes.indiatimes.com/News/News-By-Industry/Jobs/Samsung-to-recrui
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Ramakrishna 16-03-2009
Good to see recruitment happening in the current scenario. It will boost the confidence levels of college grads
RK
RK
