September 12, 2016, Samsung Electronics in South Korea made a decision at a high-level meeting, will split the printing sector, and it will become a subsidiary of an independent, then its 100% stake in overseas assets to 1.05 billion US dollars Amount, and sold to the global printing equipment giant HP (HP). According to the resolution, Samsung officially announced on the 1st of the printing department into a subsidiary of “S-Printing Solution”, after the sale in preparation for the sale of the merger plan will be completed in the second half of 2017.
According to foreign reports, Samsung’s current head of print business and vice president Kim Ki-ho, the future will become the new company “S-Printing Solution” in charge. The Samsung split in the print sector, and sold to HP, the future will use its funds to focus on core business. However, although Samsung has decided to sell the business to HP. However, before the completion of the acquisition transaction, the printing business is still owned by Samsung. The merger, the Samsung market in Korea will still retain the brand. QCA150A60
It is understood that, in the “S-Printing Solution” after the establishment of the future will continue to South Korea and China in the production of products, and through the world with 50 sales outlets to sell products. Samsung’s revenue in the print sector is about 2 trillion won ($ 1.75 billion) in 2015. In the future independent of the “S-Printing Solution”, the company said, will continue to provide support for printing software.
However, after Samsung’s decision to sell the print business, employees in the division immediately set up an emergency planning committee and protested because employees were concerned that work could be hurt. After the staff and Samsung Electronics management reached an agreement, all of the 6,000 employees will remain in the Samsung Electronics continue to work. However, because all employees can not ensure the right to work. Therefore, Samsung Electronics agreed to pay 60 million won per employee (about 353,000 yuan) of subsidies. QM150DY-H
