Angry yard employees protest before decisive meeting about merger

South Korean shipyard merger leads employees to strike again. The latest strike comes ahead of a general assembly at which the merger must be approved. A court has barred employees from interrupting the meeting.

Photo: Thorbjørn Hansen

The South Korean yard merger between Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering Co., DSME, has yet again made employees walk out, reports Yonhap News Agency.

On Monday and Tuesday, displeased yard workers at Hyundai Heavy Industries have gone on strike to protest the merger. The protests happen ahead of a decisive general assembly at Hyundai Heavy Industries on Friday, at which the company's shareholders are expected to vote for a split of the company.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Political majority allocates funds to hydrogen project

The industry applauds a broad political agreement to allot around USD 136 million to the Danish participation in the EU's green hydrogen project. Hydrogen is expected to play a significant role as a future fuel for shipping.

Argentine port workers strike for access to Covid-19 vaccines

Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs