SINGAPORE, Aug 26 (Reuters)– Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd stated it prepares to reduce 2,000 added tasks, simply under 10 percent of its existing labor force, tipping up initiatives to reduce expenses as brand-new vessel orders slide amidst an unpredictable international economic climate.

The Singapore- provided company, which states it is just one of the biggest personal shipbuilding firms in China, has actually currently reduced concerning 4,000 tasks this year, an agent stated late on Thursday, bringing its existing labor force to 22,000.

Earlier this month, it stated income was almost cut in half in the 2nd quarter as it absorbed a wide market decline.

The firm, which has 4 shipyards in China’s Jiangsu district, develops a series of vessels consisting of big container ships, mass service providers, dissolved gas service providers as well as huge ships referred to as ‘Very Large Gas Carrier’ vessels.

(Reporting by Aradhana Aravindan; Editing by Kenneth Maxwell)