Search results for: Labor unions

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  • 24 March 2017
    Business & Finance

    Labor union of the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is ready to accept proposed wage cuts for workers, proposing talks with the government, the company’s management and creditors, which are aimed at finding a way to save the financially troubled shipbuilder, Yonhap News Agency reports.  The announcement comes a day after DSME’s […]

  • 18 November 2016
    Business & Finance

    The labor union of South Korea’s financially troubled shipbuilder Daewoo Shipbuilding & Marine Engineering has agreed to the company’s restructuring plan, removing the final hurdle to the KRW 2.8 trillion (USD 2.3 billion) financial support, according to Yonhap News Agency. After it earlier converted around KRW 400 billion worth of loans into DSME’s stocks, the state-run […]

  • 24 October 2019
    Business & Finance

    The labor union’s demands include raising the basic monthly wage by KRW 123,000 won (USD 105).

  • 5 January 2015
    Business & Finance

    South Korea’s shipbuilding giant Hyundai Heavy Industries (HHI) has reached a tentative agreement with the labor union on the wage and collective bargaining agreement for the year 2014. According to the tentative agreement, HHI employees would receive a basic pay of KRW 37,000 (USD 33.36), representing a 2 percent increase; a one-off bonus of KRW two […]

  • 29 June 2011

    The end of the 190-day strike at Hanjin Heavy Industries and Construction Monday meant the labor union’s virtual defeat in another … (koreatimes) [mappress] Source: koreatimes, June 29, 2011;

  • 21 March 2018
    Business & Finance

    STX Offshore & Shipbuilding’s labor union is to stage a strike protesting against the company’s self-rescue plan.

  • 27 November 2014

    The 24 hour general strike of Greek Labor Unions started today and as a result, no vessels are  berthing or sailing from any Greek ports, due to the towage and port workers’ participation in the strike, ISS Greece reported. The Greek Labor Unions Confederation, Public Servants Unions Confederation, Crew Union of Towage and Stevedores at […]

  • 19 July 2013

    Overwhelmingly high temperatures prompted by a heat wave have struck the Guangzhou City in China. As a result, the Labor Union of China Shipping Industry Co., Ltd organized a mutual review of production work safety at two yards in Guangzhou, including Afai Southern Shipyard and supervised the implementation of various concrete protection measures to prevent and […]

  • 11 November 2016
    Business & Finance

    Creditors of the financially troubled Daewoo Shipbuilding & Marine Engineering (DSME) plan to financially support this South Korean shipbuilder with KRW 2.8 trillion (USD 2.4 billion), under proviso that the company’s labor union accepts the restructuring scheme, local media reported.  DSME’s creditors, the Korea Development Bank (KDB) and the Export-Import Bank of Korea, have introduced […]

  • 18 April 2018

    A nation-wide strike has been announced for today in Italian ports.

  • 10 April 2018
    Business & Finance

    STX Offshore is to be put under court receivership as its union failed to accept the company’s restructuring plan.

  • 11 April 2018
    Business & Finance

    STX Offshore & Shipbuilding got a second chance to avoid court receivership as KDB plans to examine its self-rescue plan.

  • 15 November 2016
    Business & Finance

    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has managed to narrow its net loss in the third quarter ended September 30 to KRW 238.1 billion (USD 203.9 million) compared to a net loss of KRW 1.14 trillion (USD 976.6 million) seen in the same quarter a year earlier. During the first nine months […]

  • 8 December 2014
    Business & Finance, Project & Tenders

    Last Friday, December 5, HKND Group met with leaders of various labor unions of Nicaragua discussing the economic progress and job opportunities that the Grand Canal Project will generate for the country.  During the meeting, which was held at the the Secretariat of the Presidency, both sides agreed that the Grand Inter-oceanic Canal of Nicaragua will create more […]

  • 21 April 2017

    The nationwide strike planned by Indian dockworkers for this week has been called off for the time being following preliminary talks between labor unions and the country’s Labor Ministry. However, the strike option has not been ruled out altogether as unions only moved the strike for May 12 providing an initial time frame for a potential resolution […]

  • 19 May 2015
    Business & Finance

    Container volumes at the US West Coast Ports of Seattle and Tacoma stabilized in April, growing 1 percent year to date to 1,106,384 TEUs, the Puget Sound ports said in a release. The moderate volumes reflect the return of normal operations at the ports of Seattle and Tacoma, as the ports finished clearing the backlog […]

  • 29 December 2017
    Business & Finance

    Piraeus Port Authority inks new Collective Labor Agreement with PPA personnel.

  • 11 June 2015
    Business & Finance

    Dutch shipbuilder Royal IHC has announced its plans to cut 1,100 temporary and 487 permanent jobs as a direct result of the rapidly deteriorating market. The company will close two of their four manufacturing locations, including the facility at Hardinxveld and all production work done near the company’s headquarters outside of Dordrecht, Zuid-Holland, leaving the Kinderdijk and Krimpen […]

  • 1 July 2016
    Business & Finance

    South Korea’s three major shipbuilders could be exempt from the government’s plan to inject KRW 750 billion (USD 653.7 million) into the shipbuilding sector in an effort to prevent major layoffs at over 7,800 companies related to the industry, according to Korea Times. The three cash-strapped shipbuilders, Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo […]

  • 29 May 2015
    Business & Finance

    Workers of Israel’s Haifa and Ashdod ports agreed to go back to work ending their strike launched on Wednesday over the privatization of the country’s two major ports. Some 2,400 workers resorted to industrial action which resulted in shutting down of the country’s ports, with around 40 ships pending unloading, Reuters reports. The workers launched the strike on […]

  • 31 December 2019
    Authorities & Government, Business & Finance

    Senator of Massachusetts Edward J. Markey has called on Ørsted and Vineyard Wind to enter into Project Labor Agreements (PLA) for wind energy projects offshore Massachusetts and the larger East Coast. In his letters to the two offshore wind developers, Markey stated that a PLA would ensure newly created jobs in the industry are good-paying, safe […]

  • 8 December 2015
    Business & Finance

    South Korean shipbuilder STX Offshore & Shipbuilding Co. is likely to receive a financial aid from its creditors worth KRW 450 billion (USD 385 million) in exchange for a massive cut in workforce, Yonhap news agency reports. The creditors, led by the state-run Korea Development Bank (KDB), are to meet this Wednesday when they should decide whether […]