Samsung was all over the media in the month of February this year for there drastic action. The company suspended a number of its employees that made headlines all over.
Not only this, news of protest by workers against this step by the company were also coming in. Soon after the company declares about its investment plan.
Is it a Smart Move by Samsung?
Of course it is. No brand as renowned as it is would want to lose its reputation just out of mismanagement of human resources. If thought carefully then even you would agree that no brand can keep up with the market hold if they lose their base i.e. there workers.
Hence this plan of financial investment by Samsung Electronics is one of their their worker pleasing plan in a way.
Is it a Big Amount?
Samsung Electronics has declared to invest Rs.1000 crore and this indeed is a massive amount for a company to invest in just one of it's electronics plants.
Yes! You read that right. The investment is to be made only in the company's plant based at Sriperumbudur that is near Chennai.
Anything Else Noteworthy in this Declaration?
Not only the investment amount. The company has promised to create Hundred more jobs. This move is very tactfully made by the brand as this will help them regain the labour trust. Labour reinforcement is also a prime motive.
The Industries Minister of Tamil Nadu, T.R.B Rajaa further mentioned in a press meet that Tamil Nadu is moving fast to achieve the dream of 1 trillion dollar economy. He also added that it is needed to create cluster of industry in one location.
