The Korean company will shut the Rauma yard and consolidate work at its facility in Turku as part of a major restructuring effort.
Around 700 people will be out of a job by the end of next year, the company announced today.
As TradeWinds reported last month, STX has lost NOK 6.6bn ($1.1bn) on its loan-financed purchase of Aker Yards in 2008.
“The
