15,000 workers at the world’s largest shipbuilder downed tools yesterday for what will be a three-day strike in protest at massive restructuring ongoing at South Korea’s Hyundai Heavy Industries (HHI). The strike is the first collective walkout at HHI in 23 years.
HHI, amid a dramatic drop in orders, is spinning off its non-shipbuilding operations as well as shuttering berths at its Gunsan facility. It has already laid off thousands of workers, with more set to face the chop.
The strike continues today and Monday. HHI shareholders vote on Monday about the conglomerate’s restructuring plans.
