SEOUL, May 18 (Yonhap) - Workers at the harried Daewoo Shipbuilding and Marine Engineering Co. are crying foul over increased weight from the administration and its leasers to further cut employments and offer more resources, industry sources said Wednesday.
Daewoo Shipbuilding has been executing expansive scale self-rebuilding measures since a year ago, including cutbacks of 2,300 laborers and resource deals, consequently for budgetary help from its leasers drove by state-run Korea Development Bank.
Yet, its banks and the budgetary powers are squeezing the shipbuilder to draw up an arrangement of extra plans before the month's over to stay afloat.The extra self-salvage arrangements may incorporate a further cut in the quantity of administrators and specialists in its business divisions and a brief shutdown of its shipbuilding docks.
"We make it clear that the administration drove rebuilding move ought to be halted... we will battle against any moves to yield our individuals," said the worker's organization at the shipbuilder.
Laborers at other nearby shipyards, for example, Hyundai Heavy Industries Co. are likewise voicing restriction against enormous cutback arranges as the monetary strength of their organizations are not awful contrasted with Daewoo Shipbuilding.
Hyundai Heavy is moving to cut 10 percent of its workforce and offer non-center resources, and Samsung Heavy Industries Co. is set to present its self-salvage plan to its leasers this week.
The nation's main three shipyards endured a consolidated working loss of 8.5 trillion won (US$7.21 billion) a year ago, because of expanded expenses originating from a deferral in the development of seaward offices and an industrywide droop.
In any case, an immense piece of the misfortune, somewhere in the range of 5.5 trillion won, originated from Daewoo Shipbuilding.
Likewise, Hyundai Heavy and Samsung Heavy swung to a working pay amid the principal quarter of the year, while Daewoo Shipbuilding endured a working loss of 26.3 billion won.
Friday, May 27, 2016
Daewoo Shipbuilding laborers challenge rebuilding moves
SEOUL, May 18 (Yonhap) - Workers at the harried Daewoo Shipbuilding and Marine Engineering Co. are crying foul over increased weight from the administration and its leasers to further cut employments and offer more resources, industry sources said Wednesday.
Daewoo Shipbuilding has been executing expansive scale self-rebuilding measures since a year ago, including cutbacks of 2,300 laborers and resource deals, consequently for budgetary help from its leasers drove by state-run Korea Development Bank.
Yet, its banks and the budgetary powers are squeezing the shipbuilder to draw up an arrangement of extra plans before the month's over to stay afloat.The extra self-salvage arrangements may incorporate a further cut in the quantity of administrators and specialists in its business divisions and a brief shutdown of its shipbuilding docks.
"We make it clear that the administration drove rebuilding move ought to be halted... we will battle against any moves to yield our individuals," said the worker's organization at the shipbuilder.
Laborers at other nearby shipyards, for example, Hyundai Heavy Industries Co. are likewise voicing restriction against enormous cutback arranges as the monetary strength of their organizations are not awful contrasted with Daewoo Shipbuilding.
Hyundai Heavy is moving to cut 10 percent of its workforce and offer non-center resources, and Samsung Heavy Industries Co. is set to present its self-salvage plan to its leasers this week.
The nation's main three shipyards endured a consolidated working loss of 8.5 trillion won (US$7.21 billion) a year ago, because of expanded expenses originating from a deferral in the development of seaward offices and an industrywide droop.
In any case, an immense piece of the misfortune, somewhere in the range of 5.5 trillion won, originated from Daewoo Shipbuilding.
Likewise, Hyundai Heavy and Samsung Heavy swung to a working pay amid the principal quarter of the year, while Daewoo Shipbuilding endured a working loss of 26.3 billion won.
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