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South Korean tech company Samsung Group is implementing a 6-day working week for some of its employees, in a significant departure from the recent trend towards shorter workweeks. This decision comes as the company grapples with economic pressures and a need to boost performance.
The new policy applies to executives across most of Samsung’s technology divisions. Plans to extend it to financial services sectors in the future. This marks a major shift from the company’s previous stance and the growing interest in shorter working weeks seen in some workplaces.
- Rising oil prices, high borrowing costs, and a weak Korean currency prompted the change. Samsung’s 2023 performance also necessitated action.
- The 6-day working week for executives aims to instill a sense of urgency and collaboration to address current challenges.
- Samsung Electronics executives have some flexibility. They can choose Saturdays or Sundays to work alongside their regular five-day week.
- This policy currently only applies to executives. Regular employees will maintain their five-day workweek. Notably, some Samsung executives have already been working six days voluntarily since 2024 began.
The decision by Samsung to enforce a 6-day working week for executives. The company’s efforts to navigate economic difficulties and maintain its competitive edge. However, it remains to be seen how this change will impact the company’s long-term performance and employee satisfaction, particularly at the executive level.
