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Samsung says planning job cuts in some Asian operations

Samsung Electronics said Wednesday it was planning to cut jobs in some of its Asian operations, after a report that one in ten posts in affected markets could be axed.

The world's largest memory chipmaker is modifying staffing levels in Southeast Asia, Australia, and New Zealand, a company spokesman told AFP, adding that "the adjustments include job cuts".

The "routine workforce adjustments" are carried out "to improve operational efficiency," said Samsung Electronics in a statement.

"The company has not set a target number for any particular positions," added the maker of Galaxy smartphones.

Bloomberg reported however that the layoffs could affect about 10 percent of the workforce in those markets.

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