The labour union at Hyundai Heavy Industries, demanded from the company to provide job guarantees to its employees if it wants to go ahead with the takeover of Daewoo Shipbuilding & Marine Engineering (DSME). Namely, during January, Korea Development Bank (KDB), DSME’s largest shareholder, signed an MoU with Hyundai Heavy Industries to sell its stake.
Daewoo Shipbuilding’s labour is also concerned that the takeover will cause extended layoffs, something that Hyundai Heavy’s workers have also...
https://safety4sea.com/hyundai-heavy-workers-worried-over-dsme-takeover/