More restructuring for Korean giants as government applies pressure

摘要

Hyundai Heavy Industries announced yet another major restructuring programme involving job losses and asset sales with compatriots Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries expected to follow suit. The company is to seek voluntary retirement of mid-level and senior managers with around 10% of the 27,000 strong workforce expected to go. The company already cut senior managers by 25% last month..