Daewoo Shipbuilding's labor union pressed to accept restructuring scheme
Nov 11, 2016
The labor union at Daewoo Shipbuilding & Marine Engineering Co. is being pressed to accept the shipyard's restructuring scheme including a workforce reduction, a key condition for the embattled shipyard to receive financial aid from its creditors, industry sources said Friday.Earlier this week, the creditors, led by the state-run Korea Development Bank, has drawn up 3.2 trillion won ($2.75 billion) worth of financial help for one of the country's big three shipyards faced with a protracted indus