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Taeyoung to lay off executives, trim salaries under creditors-led workout

Troubled mid-sized builder Taeyoung Engineering & Construction (E&C) agreed to lay off 22 senior executives and cut salaries by up to 35 percent for the remaining ones, as part of self-rescue efforts to facilitate a corporate debt workout program, according to the firm’s main creditor, Friday.
South Korea Ty Holdings Korea Development Bank Taeyoung Group Taeyoung Engineering Yoon Se Young

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