STX Offshore to slash 30 percent of its workforce
Korea's STX Offshore & Shipbuilding will lay off around 800 employees ahead of next year in order to avoid receivership in the first half of 2016.
by DANIEL LOGAN
The major Korean shipyard group STX Offshore & Shipbuilding will lay off close to 800 employees as part of last-ditch attempt to avoid entering receivership in the first half of 2016.
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