Korea's restructuring STX Offshore & Shipbuilding has said it will make about a third of its workers redundant.
The shipyard, which filed for receivership in May, told a bankruptcy court that it plans to cut its 2,090 staff by 35% by the end of September.
It also confirmed PriceWaterhousecoopers has been hired to sell STX France.
The Wall Street Journal cited court officials as saying STX’s creditors will decide in October whether to accept its restructuring plan.
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