Independent journal on economy and transport policy
01:48 GMT+2
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the HHI shareholders have approved of the plan of subdivision of the navalmeccanico group in six independent divisions
the Korea Metal Workers' Union announces the prosecuzione of strike
February 27, 2017
Today the shareholders of the South Korean navalmeccanico group Hyundai Heavy Industries (HHI), reunited in extraordinary assembly to Ulsan, have approved of the plan of subdivision of the group in six independent divisions that is introduced by the company at the end last year with the scope to safeguard the competitiveness and the solidity financial institution of the group ( on 16 November 2016).
The plan is opposed by the unions that, for the first time in 23 years, have indetto a general strike of the workers of the company, protest that has reached today the third day with an attempt to prevent the development of the assembly of the shareholders. The representatives of the Korea Metal Workers' Union (KMWU) have declared the validity of the ballot of the assembly and have not emphasized that strike will continue in order to stop the plan of restructure of the company.
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