Around 28,000 workers are likely to go on an indefinite strike in South Korea. The workers are protesting against the proposed wage freeze at the top three shipyards.
The senior managements of Hyundai Heavy Industries (HHI), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) have posted heavy losses in the second quarter. This has led to dissent among their employees against a proposed wage freeze. Other Korean yards are also facing similar issues and trying to negotiate a salary freeze. Hence, STX Offshore & Shipbuilding and Hanjin Heavy Industries and Construction are also confronting the risk of worker strikes.
The issues relating to pay and subsequent strikes are common in Korean yards. But, how long these unions propose to keep up the militant action is currently unclear.