Singapore: Keppel to exit rig-building business, yet to confirm how many jobs will be cut

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(The Straits Times)

Keppel Corp said on Thursday (Jan 28) that its struggling offshore and marine (O&M) segment will exit the rig-building business and shift its focus to infrastructure projects, including renewable energy.

The O&M business will focus on design, engineering and procurement. It will have a “significantly reduced headcount” and its network of yards will be repurposed or divested, Keppel said.

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