Daewoo to implement expensive cost reduction measures
Daewoo Shipbuilding & Marine Engineering (DSME) will implement a cost reduction initiative totaling USD 2.1 billion and which is expected to see 2,000 jobs made redundant before the end of the year. The plan is part of a large-scale restructuring ahead of 2019.
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is ready to implement a major cost reduction initiative in 2017 in an effort to strengthen the group's finances.
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