KOREA's Hyundai Heavy Industries Group recently said that
it cut the number of executives at its three shipbuilding units by 31 per cent,
Reuters reports.
A total of 81 of 262 executives at Hyundai Heavy
Industries, Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard faced
redundancy, the group said in a statement.
The move came after the group's flagship shipbuilder
Hyundai Heavy Industries suffered from a record quarterly operating loss in the
second quarter.
Source : HKSG.
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