- Industry Links
- Ensuring Your Maritime Security for the 21st Century, Hyundai Heavy Industries
- ATI Defense, providing titanium and specialty steel armor, structural components, kits, sub-assemblies and assemblies.
- Jane's is not responsible for the content within or linking from Industry Links pages.
PT Pal streamlines to improve fortunes
By Jon Grevatt
10/9/2009
Indonesia's state-owned shipbuilder PT Pal is to enter a two-year restructuring process next month in a bid to turnaround the company's ailing finances, Jane's has learnt.
A source said that during the process the company is expecting to lose more than half of its 2,400 employees, with a completely new management board. The downsizing of the company is designed to make it more profitable, he said.
"This is a step-by-step process starting from next month," said the source, an executive within the company who spoke to Jane's on the condition of anonymity.
The source added that the impact on naval production during the restructuring is anticipated to be significant.
109 of 349 wordsMost Viewed Articles
- Dassault in bid to undermine Gripen in Switzerland
- US to withdraw two brigade combat teams from Europe
- Iran unveils guided artillery
- JTIC Brief: MNLA re-awakens Tuareg separatism in Mali
- Analysis: UK's White Paper leaves central contradiction unsolved
- Interview: Ng Eng Hen, Singaporean Minister of Defence
- Russia steps up ambitious reforms
- Briefing: Punching above its weight
- US budget cuts to hit airlift fleet
- Uprising tide - Arab Spring Islamists concern the US
United States













