DSME Unionists Vote to Strike against Self-Rescue Plan

Workers at the South Korean ship yard Daewoo Shipbuilding & Marine Engineering Co. (DSME) vote to launch a strike in protest to the management’s restructuring plan that includes laying off workers.

According to the Korea Herald, the strike would be launched against the company’s self-rescue plan, which was reportedly cleared by the shipbuilder’s creditors just last week.

However, the union group said that it does not have plans to hold an immediate strike and that a walkout could be prevented if the management and creditor group accept the union’s proposal of forming a three-party consultation body to talk over the restructuring plan.

Creditors of the shipbuilder, led by Korea Development Bank, said that they would not provide the financial aid if the workers launch a strike.

The date of the planned walkout is not specified yet. RCL Agencies will continue to monitor the situation and provide further updates once available.

Please be guided accordingly.