Report: HHI Workers Stage 1st All-Out Strike Since 1994

Image Courtesy: HHI

Unionized workers of South Korean shipbuilding company Hyundai Heavy Industries (HHI) organized a strike on February 23 over unsuccessful wage negotiations and the firm’s restructuring plans, Yonhap News Agency reports

The walkout was reportedly the first all-out strike since 1994.

Although 15,000 union members were invited to take part in the eight-hour strike, only ten percent of workers participated in it.

Apart from failed wage negotiations between the shipbuilder and its employees, the industrial action is said to be targeted at voicing workers’ opposition to HHI’s business split-up.

In November 2016, the company revealed plans to split into six units – Hyundai Robotics, Hyundai Electric & Energy Systems, Global Services, Hyundai Construction Machinery, Green Energy, and Hyundai Heavy Industries – with the aim of improving its financial position.

The planned restructuring could bring job insecurity for relocated workers as well as for some 13,000 unionized employees to be left behind.

Unions said they will go on strike on February 24 as well as on February 27 when HHI’s shareholder meeting is scheduled to be held. The restructuring plans are included in the meeting’s agenda.

Earlier this month, some 4,000 metalworkers rallied in front of the HHI Shipyard in Ulsan, vowing to smash plans to restructure one of the three biggest shipbuilders in the country.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >