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Contract workers striking at South Korea’s Daewoo shipyard reach agreement – Yonhap

07/22/2022

Less than a minute

2022.07.22 10:50

Contract workers striking at South Korea's Daewoo shipyard reach agreement - Yonhap
FILE PHOTO: The logo of Daewoo Shipbuilding & Marine Engineering Co is seen at its building in Seoul, South Korea, March 24, 2017. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – Daewoo Shipbuilding & Marine Engineering has reached an agreement with striking contract workers, Yonhap news agency reported on Friday, in a dispute which the shipbuilder said had cost it more than $400 million by mid-July.

About 100 sub-contractors launched the strike last month, occupying the shipyard’s main dock to demand a pay rise of 30% amid increased orders for container ships and LNG carriers.

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07/22/2022

Less than a minute