Korea Herald News

Massive Layoff Ahead for Hyundai Heavy

world’s No. 1 shipbuilder is rumored to be planning an additional cut of 3,000 employees -- most likely from its production line -- in the form of voluntary retirement programs. The firm already cut around 60 executives in April and around 1,500 office workers last year.    The Korea Herald reports that the company’s spokesperson denied rumors of an imminent layoff plan, but said, “We are considering diverse ways to streamline the business although nothing has been confirmed.”   The speculation came as Hyundai Heavy -- along with two other shipbuilding giants