You are here

Hanjin Shipping to cut 400 land-based jobs in South Korea

Wednesday, October 19, 2016 - 10:22

40232415 - 18_10_2016 - HANJIN SHIPPING-M&A_HYUNDAI MARINE.jpg
Hanjin Shipping Co Ltd said on Wednesday it plans to lay off about 400 land-based employees in South Korea in the near future as it tries to cut costs.

[SEOUL] Hanjin Shipping Co Ltd said on Wednesday it plans to lay off about 400 land-based employees in South Korea in the near future as it tries to cut costs.

The shipper, which applied for court receivership in late August after creditor banks withdrew their support, had about 700 land-based employees in South Korea as of the second quarter of 2016.

REUTERS

Powered by GET.comGetCom