A South Korean multinational manufacturing conglomerate, Samsung has adopted an emergency mode 6-day work week for executives.
According to The Korea Economic Daily, In response to escalating economic challenges, executives across all divisions of Samsung Group are slated to adopt a six-day work week, commencing as early as this week, signaling a transition to emergency protocols. However, the company hasn’t officially commented on the shift.
This decision is precipitated by a combination of factors, including the pronounced depreciation of the won, mounting oil prices, and the burden of high borrowing expenses.
These macroeconomic pressures have compounded uncertainties in the business landscape, particularly following subpar performances from key sectors within the conglomerate in 2023.
Notably, executives at Samsung Electronics Co., encompassing roles within manufacturing and sales, will be required to extend their workweek to include either Saturday or Sunday, in addition to the conventional five-day schedule.
The report also suggested Samsung Group company executive said, “Considering that performance of our major units, including Samsung Electronics, fell short of expectations in 2023.”
“We are introducing the six-day work week for executives to inject a sense of crisis and make all-out efforts to overcome it”, the company’s executive added.
The announcement follows when companies are shifting from a 5-day workweek model to a 4-day workweek model. Employers are implementing a 4-day workweek model as it often reports benefits such as improved employee retention, heightened job satisfaction, and increased efficiency during operational hours.
Additionally, the reduced time spent commuting contributes to environmental sustainability and can lead to cost savings for both employees and employers.
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