Guoyu Shipbuilding looks to resume operations after settling with workers

Guoyu Shipbuilding looks to resume operations after settling with workers

Guoyu Shipbuilding looks to resume operations after settling with workers

Financially troubled Yangzhou Guoyu Shipbuilding has reached a settlement agreement with the representative of its employees on salary payment terms, with the involvement of the local government.

At the end of July, a number of workers from the yard protested against the shipyard at Yizheng local government after the company broke an agreement on salary payments made after an earlier protest in January.

Guoyu has promised to pay the salaries and compensation to employees in several payments spread over the next two years, which will be supervised by the local government.

The shipyard said it is now making efforts to resume operations and is in talks with the local government and financial institutes for financial support.

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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