SERVICES

Hyundai’s labour union approves strike

Ulsan (South Korea) - Unionized workers at Hyundai Heavy Industries Co., the world’s largest shipyard by sales, voted on Wednesday to go on strike amid a lack of progress in wage negotiations

Ulsan (South Korea) - Unionized workers at Hyundai Heavy Industries Co., the world’s largest shipyard by sales, voted on Wednesday to go on strike amid a lack of progress in wage negotiations.

The labour union, writes Yonhap news agency, said n early 60 percent of unionized workers approved a work stoppage, raising the possibility that work at the world’s largest shipyard may be disrupted for the sixth year in a row. The union demanded a pay raise that includes marking up the basic pay by some 123,000 won (US$104) and higher performance-based pay.

The labour union has staged sporadic all-out or partial strikes since mid-May to protest a plan to split up the company for a merger with a smaller local shipbuilder. Unionized workers will down their tools for three hours on Thursday, joining a nationwide plan for strike orchestrated by the Korean Confederation of Trade Unions, a militant labour group.

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