April 27, 2024
Industrials
DSME to spin off IT biz unit
[THE INVESTOR] Daewoo Shipbuilding & Marine Engineering reported on Dec.2 that it plans to hive off its IT business unit next year in a move to streamline its business structure.
The unit, provisionally named DSME Information System, will be started on Jan. 1, the company said. The company will manage DSME’s IT system and related tasks with some 150 employees, it said.
The planned spin-off is for the shipyard’s restructuring schemes which include asset sales and a reduction in workforce.
Last month, DSME said it would set aside an additional 700 billion won (US$597.06 million) through asset sales, raising the total amount prepared as part of its self-rescue measures to 6 trillion won.
The shipyard seeks to reduce the number of its employees by some 20 percent to 10,000 by the end of this year.
(theinvestor@heraldcorp.com)
The unit, provisionally named DSME Information System, will be started on Jan. 1, the company said. The company will manage DSME’s IT system and related tasks with some 150 employees, it said.
The planned spin-off is for the shipyard’s restructuring schemes which include asset sales and a reduction in workforce.
Last month, DSME said it would set aside an additional 700 billion won (US$597.06 million) through asset sales, raising the total amount prepared as part of its self-rescue measures to 6 trillion won.
The shipyard seeks to reduce the number of its employees by some 20 percent to 10,000 by the end of this year.
(theinvestor@heraldcorp.com)
