|Workers threaten union action at Korean shipyards|
|Thursday, 05 May 2016 16:38|
Workers bases at the South Korean shipyards of Daewoo Shipbuilding and Marine Engineering and Hyundai Heavy Industries have threatened stike action if proposed job cuts go ahead.
The companies are both under increasing pressure from the South Korean Government to show improvements in their restructuring plans – with DSME being specifically told to submit self-rescue plans to creditors that involve further layoffs.
The unions for both DSME and HHI have said their respective companies would face mass strikes if the layoffs went ahead. The pair are rumoured to have laid out plans to cut at least 3,000 jobs each within the year according to the South Korean news agency, Yonhap.
"The government is trying to pass the buck to workers without holding the management accountable for huge losses," the union said in a newsletter according to Yonhap.
"It is natural for unionists, who have worked hard for the company, to protest such a move."
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