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Hanjin Heavy set to axe more staff

Hanjin Heavy set to axe more staff

Seoul: Korea's Hanjin Heavy Industries & Construction, which carried out a large-scale restructuring at the beginning of the year, is planning to make another round of redundancies, with 400 employees set to go, creating strong opposition from its union members. ??Hanjin sent to its labour union an official letter of 'an announcement of restructuring plan for company's survival and request to attend a bargaining related to the labour adjustment' last Wednesday. ??The official letter says the company will accept voluntary resignations from 400 workers from 20th to 24th December and notify the restructuring plan and the list of employees expected to be discharged to Busan Ministry of Employment and Labour on 5th January next year for the final dismissal on 7th February. ??The company said, "We have not been able to win any new orders for two years and are running out of work for the first half of next year." ??"We cannot see any way to save the company, but strengthening a competitiveness through slimming an organization is the only way for Youngdo Shipyard to survive," it added. [20/12/10]??

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