Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • Bitcoin CAD

    87,099.48
    +1,134.10 (+1.32%)
     
  • CMC Crypto 200

    1,329.30
    +52.32 (+4.10%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Samsung Urges all Employees to Work From Home ‘Where Possible’

(Bloomberg) --

Samsung Electronics Co. “strongly advised” its employees to work from home in a memo on Monday, escalating its response to the coronavirus pandemic.

The document, reviewed by Bloomberg News, sets out the company’s wide-ranging efforts to curb the spread of the virus while minimizing business disruption. Entrance to its facilities is now subject to a health screening, international travel has been restricted to only “mission-critical journeys” and there are Samsung task forces around the globe to track and implement the latest expert advice. The company has even sent care packages to some who are working from home or undergoing self-quarantine.

The memo was confirmed by a Samsung representative.

ADVERTISEMENT

Samsung has had to suspend production at its Gumi factory in South Korea on three successive weekends due to discoveries of Covid-19 infections. The advice from the company is to work from home “where possible,” so it’s unlikely to be taken up by most workers involved in its manufacturing operations. Still, the company employs more than 300,000 people globally across 52 sales offices, 15 regional offices and dozens of research, design and development centers.

The world’s largest maker of smartphones, displays and memory chips is stepping up control measures after infections rose in its home country of South Korea. Apple Inc. suppliers LG Display Co. and LG Innotek Co. briefly halted their production lines earlier this month after they reported infections. SK Hynix Inc. found the first Covid-19 case in its Icheon chip-manufacturing complex on Friday, though that had no impact on production, according to a spokesperson.

Elsewhere in the tech industry, Apple, Alphabet Inc.’s Google, Microsoft Corp. and Facebook Inc. have all canceled plans for developer conferences that were set to take place in the coming months. Twitter Inc. has made working from home mandatory for those able to keep going remotely. It will also keep paying hourly-wage workers through the period of disruption caused by the coronavirus outbreak, in a move that’s been echoed across Silicon Valley.

To contact the reporter on this story: Sohee Kim in Seoul at skim847@bloomberg.net

To contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Vlad Savov

For more articles like this, please visit us at bloomberg.com

Subscribe now to stay ahead with the most trusted business news source.

©2020 Bloomberg L.P.