Only the chairman and chief executive officer will receive stays of execution, the newspaper said. However, TradeWinds was unable to confirm the story.
The mass resignations are reportedly part of a restructuring attempt to recover from the KRW 1.1 trillion ($1bn) second quarter loss.
Chief executive Kwon Oh-gap, who was only appointed in September, has reportedly previously hinted at slashing salaries.
Those affected include executives across Hyundai’s shipbuilding activities including those at affiliates Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries.
Executives
