ShippingWatch

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.

Hyundai Heavy Industries, et andet stort koreansk værft. | Photo: Lee Jin-man/AP/POLFOTO/arkiv

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.

This corresponds to 30 percent of the group's 2,600 employee workforce, reports Korea Herald.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Nina Østergaard Borris takes over as USTC's CEO

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Further reading

Related articles

Latest news

See all jobs