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31 March 2020 The on-line newspaper devoted to the world of transports 15:03 GMT+2

April 10, 2018

STX Offshore and its union reach tentative deal on cutting costs

CHANGWON, South Korea, April 10 (Yonhap) -- STX Offshore & Shipbuilding Co. and its union said Tuesday that they have managed to reach a tentative agreement on cutting labor costs in a move that could keep afloat the financially troubled midsize shipbuilder.
The tentative deal -- reached after a midnight deadline -- calls for fixed cost cuts through unpaid leave and reductions in wages and bonuses in return for scaling back job cuts ......
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