DSME workers vote to strike against Hyundai Heavy takeover

DSME workers vote to strike against Hyundai Heavy takeover

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.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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