12,000 workers at Hyundai Heavy down tools

12,000 workers at Hyundai Heavy down tools

Some 12,000 unionised workers at the world’s largest shipbuilder downed tools today, in a strike that will likely last through to Wednesday.

Unions at Hyundai Heavy Industries (HHI) are protesting the latest announcements from top management with 2,000 staff working for the yard’s struggling offshore division set to be made redundant.

Last week HHI completed a significant corporate regrouping whereby it has moved to a holding company structure through a stake sale and mergers among its affiliates, which include Hyundai Mipo and Hyundai Samho.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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