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South Korea's shipbuilding sector has axed 35,000 jobs

The South Korean shipbuilding sector and the suppliers working with the yards have laid off more than 21 percent of the employees in the first six months of this year, according to new numbers.

Photo: Maersk Line

South Korea's shipbuilders and the sector's suppliers have reduced their workforce considerably during the first half of the year, show new industry figures, according to news agency Yonhap.

Data from Korea Offshore & Shipbuilding Association show that the sector and related companies have laid off a total 35,400 employees in the period from January to June, corresponding to 21.3 percent compared to late last year.

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