HHI Workers Plan Partial Strike over Retirement Program

Hyundai Heavy IndustriesIllustration; Image Courtesy: Flickr/SarahTz under CC BY 2.0 license

Unionized workers at South Korea’s Hyundai Heavy Industries have unveiled their plans to organize a partial strike this week protesting the company’s revised retirement program and possible unpaid leave for idle employees.

Yonhap News Agency cited an undisclosed union official as saying that the workers would stop working at a shipyard in Ulsan for four hours on Wednesday, September 13.

Additionally, some 150 workers are set to travel to Seoul to engage in a protest rally, according to the official.

In late August 2018, HHI’s unionized workers went on a strike opposing the retirement and unpaid leave plans. The plans, proposed as a cost cutting measure, are affecting idle workers from the offshore shipbuilding division of the company.

The industrial actions come on the back of Hyundai Heavy’s efforts to focus on normalizing its businesses amid diminishing shipbuilding orders. Specifically, HHI hasn’t received an order for its offshore division since 2014 amid a downturn in the offshore oil and gas sector.

As a result, the shipbuilder said it would temporarily shut down its offshore shipyard, impacting some 2,400 workers, to save money.

So far, about 80 workers in the offshore division applied for a retirement program, while the company is waiting for a decision on whether it can introduce unpaid leave for idle employees.

Earlier reports suggested that the company is also planning to sell its Onsan factory as part of its cost-cutting measures. The facility used to produce offshore modules and had a workforce of around 1,000 people. However, since the downturn of the offshore oil and gas sector, lack of newbuilding orders has put the facility out of work in 2016.

World Maritime News Staff; Illustration, Image Courtesy: Flickr/SarahTz under CC BY 2.0 license

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 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 31 1 2 3 4 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >