The debt-laden group said it would be left with 8,000 staffafter the lay-offs.
In the first phase, 30% of workers – 8,000 people - will gobecause they have no work.
The company ran into trouble during the financialcrisis, diversifying into shipowning and other non-core areas while running updebts of more than $4bn.
On its website, Vinashin said it had found it “almost impossible” to raise funds forproduction.
It
