Samsung Gifts Employees Free Galaxy S10+, Smart Watches And Cash
Harin - Oct 09, 2019
With its factories' closure, Samsung will gift its employees a hefty severance package including a Galaxy S10+, a Galaxy A80, a smartwatch, and some cash.
- Samsung Likely To Launch Mid-range Galaxy Note 10 Variant In Europe
- Galaxy Tab S6, Galaxy Watch Active 2, & Galaxy Watch Active LTE Announced in India
- Samsung Sold 1,600 Galaxy Fold Units Within 30 Minutes In India
Nikkei reported that Samsung will close its last smartphone manufacturing factory in Huizhou, China later this month. This step marks the company’s complete withdrawal from China.
Earlier, the company announced a production cut at its Huizhou factory following the shutdown of another factory in Tianjin at the end of 2018.
Notably, with the closure of the factories, the employees working here have been receiving a hefty severance package from Samsung. Gizmochina reported that, for those who have worked for the company for up to 10 years, the package includes a Galaxy S10+, a smartwatch, and some cash.
Meanwhile, those who have worked for less than 10 years will receive a free Galaxy A80. These two belong to the company’s mid-range and flagship category. Both are not the company’s latest releases but still have great specs and high value.
In 1992, China and South Korea formed a diplomatic relation. As a result, Samsung invested $52 million to establish Huizhou Samsung Electronics Co Ltd. As of 2007, the company has invested a total of $6.1 billion in China, employing more than 60,000 staff. Even the company was changed from “Samsung China” to “China Samsung,” showing its determination to “build a second Samsung in China.”
The South Korean giant had maintained three smartphone manufacturing factories in China, one in Shenzhen, one in Tianjin, and one in Huizhou. The ones in Shenzhen and Tianjin were both closed in 2018. Huizhou factory in Guangdong province was opened in December 1992 and went into operation in 1993.
At the moment, this is the only factory that is still operating in China. However, this June, Samsung has cut production scale at this factory, along with dismissing some of the staff.
According to some experts’ analyses, due to factors like increased labor cost, the South Korean giant is looking for more effective options in manufacturing smartphones like opening factories in India and Vietnam.