The workers union of Daewoo Shipbuilding and Marine Engineering (DSME) has decided to strike in protest of Hyundai Heavy Industries (HHI)’ proposed takeover of company, following a two-day voting process by workers.
Around 5,200 of the 5,600 members of DSME’s labor union participated in the vote, with over 92 percent voting for industrial action.
The labor unions at HHI and DSME worry that the merger deal would lead to massive layoffs.
HHI’s union is set to take a similar vote soon.
The DSME union said it will decide later when its members will go on a strike.
Last month, HHI reached a conditional agreement with policy bank KDB to take over DSME. The merger will create a shipbuilding giant with the world’s largest orderbook.