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.