Hyundai Heavy to slash jobs amid business unit merger

Offshore and shipbuilding divisions to merge on 1 July to survive downturn

Taxing times: Hyundai Heavy Industries to consolidate operations at its Ulsan yard — Taxing times: Hyundai Heavy Industries to consolidate operations at its Ulsan yardPhoto: AFP/SCANPIX

Amanda Battersby

London

Hyundai Heavy Industries South Korea Ulsan Hyundai Mipo Hyundai Samho

Published 24 June 2020, 07:13Updated 25 June 2020, 11:58