Hyundai Heavy Industries pushes through rotational leave system

Hyundai Heavy Industries pushes through rotational leave system

South Korean shipbuilder Hyundai Heavy Industries (HHI) has pushed through a rotational leave system for five weeks from September 11 for its shipbuilding employees.

About 610 shipbuilding employees will take leave until October 22, and get paid 70% of their salary during the period. HHI plans to execute this rotational leave system with 7% of its 8,400 shipbuilding workers and further cut its idle labour force through the first half of next year.

HHI’s subsidiary yard Hyundai Samho Heavy Industries has reached a similar deal with its union.

HHI has been forced to pare back activities over the past 18 months as its orderbook has dwindled. It has sold assets, slashed its workforce and shuttered some drydocks, much of which has found its senior management in direct confrontation with the unions who have initiated strikes this year.

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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