Samsung Electronics will freeze wages in 2015 for employees in South Korea for the first time since 2009, after the company saw its profits decline after seeing its smartphone sales drop due to rising competition from China.
"The measures are likely to inject a sense of crisis into employees, who have enjoyed steady wage increases and hefty bonuses in recent years," said Chang Sea-Jin, a business professor at Korea Advanced Institute of Science and Technology and author of the book "Sony vs Samsung".
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