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.

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