Newly profitable shipbuilder Hyundai Heavy Industries (HHI) is to lay off a quarter of its executives as it carries out further restructuring.
The Korean yard group said that those remaining have also volunteered to take a 50% pay cut as it battles the ship order slump.
About 60 people will lose their jobs, leaving 190 senior officials in place.
A spokesman told the Korea Herald: "We are doing everything we can to revitalise our operations.
“Our
