Daewoo cuts 12,000 jobs

摘要

A dipped offshore balance sheet has forced South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) is preparing to axe 12,000 in response to the poor economic climate hitting the oil and gas industry. DSME’s chief executive Jung Sung-leep told the Korea Times that previous job cuts of 12,000 failed to fully combat the tough economic environ- ment and the company needs to cut an additional 12,000 positions.