Korean bank imposes conditions on Daewoo workers
The Korea Development Bank (KDB) has agreed to help the major, hard-tried shipbuilder Daewoo, but only if the company freezes its workers’ wages and ensure they refrain from industrial action.
BY JOHANNES HARTKOPF-MIKKELSEN
The state-owned Korea Development Bank (KDB) has agreed to come to the aid of the country’s largest shipyard, Daewoo Shipbuilding & Marine Engineering, but not without imposing certain conditions on the struggling shipbuilder, according to IHS Maritime 360.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Korean shipyard giant faces billion dollar losses
For subscribers
Korean shipyards' standstill likely to continue
For subscribers
