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Daewoo labor union agrees to layoffs under restructuring

Employees at Daewoo have now agreed to support the restructuring of the major shipbuilder with diverse measures such as accepting a reduction of the workforce, in order to ward off receivership.
Photo: Thorbjørn Hansen
Photo: Thorbjørn Hansen
by DANIEL LOGAN

Daewoo Shipbuilding & Marine Engineering (DSME) – one of the world's largest shipyards – now has the support of its employees for the comprehensive restructuring efforts currently underway to help protect the group from court-ordered receivership.

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