Offshore Energy
  • Fossil Energy
  • Subsea
  • Alternative Fuels
  • Hydrogen
  • Marine Energy
  • More news
JobsNewsletter
Offshore Energy logo

Your trusted source for global offshore energy news, part of the Navingo network.

Topics
  • Fossil Energy
  • Subsea
  • Alternative Fuels
  • Hydrogen
  • Marine Energy
Network
  • Offshore Energy
  • Offshore Wind
  • NavalToday
  • Dredging Today
Company
  • Advertising
  • Newsletter
  • Jobs
  • Report your news
  • Privacy

© 2026 Navingo. All rights reserved.

Home›Shipbuilding›Unions of Korean Top Three Shipbuilders to Strike against Salary Freeze
Shipbuilding

August 24, 2015 · about 11 years ago

Unions of Korean Top Three Shipbuilders to Strike against Salary Freeze

The labour unions of South Korea’s top three shipbuilders, Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) plan to launch a joint industrial action against their salary freeze. The management of STX Heavy Industries also imposed th

2 minutes read
  • LinkedIn
  • X
  • Email

The labour unions of South Korea’s top three shipbuilders, Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering (DSME) and Samsung Heavy Industries (SHI) plan to launch a joint industrial action against their salary freeze.

The management of STX Heavy Industries also imposed the freeze, but the shipbuilder’s unions have not yet decided whether to participate in the strike.

The freeze was imposed after the trio posted major losses in their results for the second quarter of the year amid sluggish orderbook and a downturn in the offshore oil and gas industry.

The workers are planning to hold a joint strike on September 9, Kim Hyeong-gyun, a union member of the Hyundai Heavy Industries, is quoted as saying by Korea Joongang Daily.

Kim did not disclose whether the strike would resume after September 9 and what further moves the unions might take.

However, the unions have been faced with fierce criticism for promising workers financial gifts to join the strike. The gift certificates in question are said to be aimed at substituting the workers’ hourly pay at work, the Korea Herald writes.

The move comes following the announcement of the HHI’s union on staging of a three-hour strike on Wednesday this week, and a seven-hour strike of the high-ranking officials of the union starting Friday.

HHI’s workers are demanding up to KRW 127,560 (USD 107.44) increase in their monthly base pay and establishment of an ordinary wage system.

Management of all the three shipyards failed to reach an agreement with their unions on salary negotiations this year.

World Maritime News Staff

Reach the Offshore Energy industry in one go!

Offshore Energy is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Offshore Energy on:

Filed under

ShipbuildingBusiness & Finance

Daily Offshore Energy News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Trending Now

  1. 1Woodside passes the baton for offshore gas project to Timor Gap in $200 million deal
  2. 2Fugro wins UXO survey contract for German offshore grid connections
  3. 3Accelerating operational excellence in offshore energy
  4. 4Go-ahead for North Sea wildcat clears path for Equinor’s drilling ops with COSL rig

Daily Offshore Energy News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.

Subscribe free