Shipyard job cuts

HELSINKI: South Korea’s STX will cut 430 jobs at its Turku shipyard in western Finland this year as it has not received new orders amid the global economic crisis, it said on Wednesday. STX announced the start of lay-off talks at the Turku shipyard in November. STX Finland is part of South Korean shipbuilder STX and the Turku shipyard is currently building the world’s biggest and most expensive cruise ship, Allure of the Seas. This is the last current order.