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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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