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THE INVESTOR
October 14, 2019
Big Reunion

Industrials

HHI to file damages suit against labor union

  • PUBLISHED :July 23, 2019 - 11:19
  • UPDATED :July 23, 2019 - 11:19
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Hyundai Heavy Industries, South Korea’s largest shipbuilder, will file a suit for damages this week against its labor union over disruptive action at the company‘s shareholders meeting in May and illegal strikes, company officials said on July 23.

The firm claimed it lost 9.2 billion won ($7.8 million) due to unionized workers’ violent acts protesting the company’s split-up plan for a proposed merger with Daewoo Shipbuilding & Marine Engineering. 


According to the company, the unionized workers occupied a shareholder meeting venue in Ulsan for five days and vandalized equipment there. HHI also said the union’s illegal strikes between May and July caused a production loss estimated at more than 8 billion won.

To make sure the union pays for the damage, early this month the company asked a local court to seize union assets worth 3 billion won. Its request was approved by the court this week.

By Ram Garikipati and newswires (ram@heraldcorp.com)

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