Economy
Half of top 30 groups trim workforces in 2016
June 2, 2017
Nearly half of South Korea's top 30 family-controlled conglomerates slashed their workforces in 2016 from a year earlier, data showed Friday, amid unfavorable market conditions at home and abroad.The combined workforce of the 30 leading business groups came to 1,305,939 as of the end of last year, down 1.1 percent, or 15,069, from a year earlier, according to the data from market tracker Chaebul.com.Of the total conglomerates known as chaebol here, Samsung, Hyundai Heavy Industries, POSCO, LG an