Hyundai shipyard proposes unpaid leave for office workers

By Park Sae-jin Posted : September 26, 2016, 14:21 Updated : September 26, 2016, 14:21
 

[Courtesy of Hyundai Heavy Industries]


Hyundai Heavy Industries, the world's largest shipbuilder, said Monday that office workers at one of its three shipyards would be given an unprecedented unpaid leave as part of a cost-saving program.

The troubled shipbuilder said that some 1,000 officers at Hyundai Samho Heavy Industries Co. in the southwestern port of Yeongam would embark on an unpaid leave program for at least three weeks from the first week of October. The program will be effective for a year.

It would be the first unpaid leave since the Samho shipyard, which has a total of 4,000 workers, was established in 1999.

In a message to workers, the shipyard described an unpaid leave as "an unavoidable choice" to ensure job security as it struggles with a protracted slump in the global shipbuilding industry and a dwindling backlog of orders.

In the first seven months of this year, Hyundai Heavy has secured orders worth 1.2 billion US dollars for nine ships, down 71 percent from a year earlier.

Aju News Lim Chang-won = cwlim34@ajunews.com
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