Samsung Electronics Co Ltd said on Wednesday it has decided to cut the volume of...
The logo of Samsung Electronics is pictured at the company's factory in Tijuana, Mexico, June 1, 2019. REUTERS/Jorge Duenes
Samsung’s statement followed a report by financial magazine Caixin saying the firm had offered voluntary redundancy for some employees at the factory. However, the South Korean firm’s smartphone sales volume in China increased by 40% in the first quarter of this year from the previous quarter, helped by cost-effective smartphone models, a Counterpoint Research report showed in late April.
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