Hyundai Heavy's workers want to pick new director

Employees at South Korean shipbuilder Hyundai Heavy Industries want, through their labor union, to help pick a new manager for the company. The call comes as part of the ongoing restructuring of the struggling shipyard.

Photo: Lee Jin-man/AP/POLFOTO/arkiv

The world's biggest shipyard, South Korea's Hyundai Heavy Industries (HHI), is in the midst of a large-scale restructuring aimed at getting the crisis-stricken shipyards business back on track in market starving for new orders.

The employees' labor union, in relation to the restructuring, now wants to play a part in selecting a new outside manager alongside the ongoing wage and job security negotiations, reports the Korea Herald.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs