The following appears on the investor.co.kr


[THE INVESTOR] HP Inc. confirmed it has no plans to cut jobs in Korea after its planned acquisition of Samsung Electronics’ printer-copier business division next year.

Since the US$1.05 billion high-profile deal was announced in September, about 2,000 researchers and engineers in Korea have expressed concerns about their job security under new ownership.

In response to an inquiry by The Investor, HP said that during its first meeting with Samsung employees recently, the company affirmed its commitment to honor Samsung’s employment contracts on similar terms.


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