2014년 12월 1일 월요일

Hanwha Promises 1-Year Job Security for Samsung Execs

Hanwha Group has pledged to retain for at least one year all of management of four chemical and defense firms it is buying from Samsung Group under a controversial deal.

High-performing executives will be retained even longer, Hanwha said. The conglomerate earlier pledged to retain 8,200 non-management staff at the companies, but executives were expected to be let go.

A senior Hanwha executive said Monday, "We will of course offer longer-term contracts to managers who perform well."

Another Hanwha executive said, "There were rumors that managers would be laid off, which raised concerns, but we will try to retain all staff."

Samsung Techwin CEO Kim Cheol-kyo also tried to calm fears in an email on Monday, saying, "Job security and even the treatment of management-level staff will be maintained and guaranteed."

Samsung Techwin workers last week formed an emergency committee and are preparing to form a labor union, which is prohibited in the Samsung Group, to protest against the massive deal.

Hanwha announced last week it is buying the chemical and defense firms from Samsung for W1.9 trillion (US$1=W1,112).


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