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Philippines' largest shipyard to close in blow to Hanjin rescue

Duterte under pressure to save jobs as massive layoff looms in Subic Bay

Hanjin Heavy Industries' Subic shipyard in the Philippines faces imminent closure unless a buyer can be found. (Photo courtesy of HHIC Philippines)

MANILA -- The Philippines' largest shipyard is set to close with the loss of some 3,500 jobs as financial troubles deepen around its South Korean owner, Hanjin Heavy Industries and Construction.

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