Shipbuilder Daewoo plans to cut costs through unpaid leave
Struggling shipyard Daewoo is trying to slash costs by offering administrative staff one month of leave, but unpaid. This initiative is part of an accelerated rescue plan for the yard.
South Korean yard Daewoo Shipbuilding & Marine Engineering, which has faced major economic challenges for a long time now, is attempting a new measure in its fight for survival.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Korea to spend USD 9.6 bln by 2020 to support shipbuilding
For subscribers
Hyundai Heavy maintains profit in Q3
For subscribers
DSME sees light at the end of the tunnel
For subscribers
