Around 700 workers at STX Offshore & Shipbuilding have gone on indefinite strike in South Korea today, protesting restructuring plans.
The severe restructuring package recently proposed includes slashing labour costs by 75%.
Creditors have given STX and its workers until April 9 to agree to the package or face court receivership.
STX has been told it can continue to build ships so long as it slashes 40% of its workforce and focuses on product, chemical and LPG carriers.