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[Photo News] Resistance

By Korea Herald

Published : Nov. 1, 2016 - 16:05

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Trade union members of Daewoo Shipbuilding & Marine Engineering protest against the government-led restructuring measures for the shipbuilder. The Korea Development Bank on Tuesday announced an additional measure to swap more than 1.6 trillion won ($1.4 billion) of debts into equities and resume stock tradingby March 2017 in order to salvage the shipbuilder from capital erosion. DSME’s trade union, meanwhile, is opposed to the measures, which require layoffs of about 5,000 employees. Around 1,300 workers left the company through voluntary redundancies as of October. (Yonhap) Trade union members of Daewoo Shipbuilding & Marine Engineering protest against the government-led restructuring measures for the shipbuilder. The Korea Development Bank on Tuesday announced an additional measure to swap more than 1.6 trillion won ($1.4 billion) of debts into equities and resume stock tradingby March 2017 in order to salvage the shipbuilder from capital erosion. DSME’s trade union, meanwhile, is opposed to the measures, which require layoffs of about 5,000 employees. Around 1,300 workers left the company through voluntary redundancies as of October. (Yonhap)

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