CoverMaritime BusinessNews Hyundai heavy workers stage strike due to wage dispute By maritimemag October 25, 2019 ShareTweet 0 Workers at South Korea’s Hyundai Heavy Industries have scheduled partial strikes this week due to little progress made in wage negotiations with management. Yonhap New Agency, cited the shipbuilder’s labor union as saying that the works would stop for four to seven hours per day in the period from October 23 to 25. The decision was made after the labor union’s latest round of wage talks with the company ended without an agreement on October 22. The union’s demands include raising the basic monthly wage by KRW 123,000 won (USD 105). The negotiations commenced in May and are reportedly expected to continue for a while as the shipyard struggles to win more orders. During the first eight months of the year, Hyundai Heavy secured shipbuilding contracts for 17 vessels worth a total of USD 2.17 billion. The number represents less than a third, 27.1 percent, of the shipbuilder’s annual goal of USD 8 billion, Yonhap cited industry data. © 2019, maritimemag. All rights reserved.
FG fast tracks construction of rail manufacturing company in Nigeria … Signs MoU on Rail Modernisation
News Missile attack by Yemen’s Houthi rebels targets a container ship in the Red Sea April 30, 2024253 views
News MWUN, others, direct members to join nationwide strike as NLC, TUC ignore court order November 14, 2023406 views
Headlines NSC’s mandate more robust with creation of Ministry of Marine and Blue Economy -NSC Boss Ukeyima November 1, 2023489 views
Dangote refinery can supply diesel, petrol needs of West Africa; African continent’s aviation fuel requirements — Dangote May 19, 2024
Marine and Blue Economy Ministry to increase local fish production, reduce dependence on importation May 18, 2024
No justification for epileptic electricity supply in Nigeria – Eminent Nigerians, and leaders May 18, 2024
