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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Samsung to recruit 5,500 graduates amid crisis AFP - Thursday, March 12 SEOUL (AFP) - - Samsung Group, South Korea's largest conglomerate, Wednesday announced plans to hire 5,500 college graduates this year despite the global economic downturn. ADVERTISEMENT The company originally planned to recruit 4,000 full-time employees this year, compared with 7,500 last year. "But this was revised upward to 5,500 in order to give greater opportunities to recent college graduates," it said in a statement, adding its affiliates would also recruit 2,000 interns. But the conglomerate has not set a group-wide investment plan for 2009 due to concerns about the deepening global crisis. In the final quarter of last year Samsung Electronics, the group's flagship business, reported its first-ever quarterly loss, which it said amounted to 20 billion won (13.8 million dollars). For the full year the world's largest memory chip maker saw its net profit drop 25 percent from a year ago to 5.53 trillion won. The country's unemployment rate stood at 3.6 percent in January, compared to 3.3 percent a month earlier, despite a government drive to save jobs by expanding fiscal and tax incentives to companies. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy China to file WTO complaint on US poultry banAP - Thursday, March 12 FOREX-Dollar rebounds on China exports slumpReuters - Thursday, March 12 Japan's machinery orders in record losing streakAFP - Thursday, March 12 Samsung to recruit 5,500 graduates amid crisisAFP - Thursday, March 12 Related Articles: Business China's exports plunge again in FebruaryAP - Wednesday, March 11 Indonesia's vice pres Kalla more upbeat on growthReuters - Wednesday, March 11 RESEARCH ALERT-Goldman Sachs, Deutsche lift TSMC target priceReuters - Wednesday, March 11 Vietnam's Sacombank sees 2009 profit rising 47 pctReuters - Wednesday, March 11 JGB 10-yr yield hits 1-mth high, bond losses limitedReuters - Wednesday, March 11 Enlarge Photo Samsung to recruit 5,500 graduates amid crisis Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Chimp used planning skills to attack humans Madoff set to plead guilty, could face 150 yrs in jail World faces 'Great Recession': IMF chief Citi outlook sparks explosive Wall Street rally Sea levels to surge 'at least a metre' by century end View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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