The continuing global economic crisis is affecting the large shipbuilding sector in South Korea, with workers under pressure to pay for this crisis. The main companies affected are Hyundai, Daewoo and Samsung. This week, 25,000 workers at Hyundai and Daewoo shipyards staged a 4 hour strike against a continuing wage freeze and proposed new job cuts. Given the size and strengths of the companies involved, the workers will most probably face a long and hard struggle ahead. As the companies are also globally integrated, coordinated industrial action at an international level will probably be crucial.
The continuing global economic crisis is affecting the large shipbuilding sector in South Korea, with workers under pressure to pay for this crisis. The main companies affected are Hyundai, Daewoo and Samsung. This week, 25,000 workers at Hyundai and Daewoo shipyards staged a 4 hour strike against a continuing wage freeze and proposed new job cuts. Given the size and strengths of the companies involved, the workers will most probably face a long and hard struggle ahead. As the companies are also globally integrated, coordinated industrial action at an international level will probably be crucial.
