CSBC cuts managers’ salaries 20% after annual losses of NT$5.8 billion
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CSBC Corporation, Taiwan, formerly known as China Shipbuilding Corporation is a private company that produces ships for civilian and military use. It was a state-owned enterprise of Taiwan but transitioned to private ownership via an IPO in 2008. It is headquartered in Kaohsiung and shipyards in Kaohsiung and Keelung.