According to Korean media reports, the union would organize the strike action this week to express its disagreement with the self-rescue plan as it does not guarantee workers’ jobs.
The union would launch a partial strike action on Thursday and Friday, while a full strike is scheduled to take place from March 26 if the shipbuilder does not respond to demands.
STX Offshore & Shipbuilding’s restructuring plan reportedly includes a decrease in the company’s workforce through voluntary retirement and outsourcing applications from production workers, as well as asking some employees to submit resignations.
The builder’s creditors, including state-run Korea Development Bank (KDB) and Export-Import Bank of Korea, supposedly released an outline for STX that includes an intensive self-rescue plan and winning high value ship orders, such as LNG carriers and LPG carriers.
The shipbuilder started preparing the plan after the Korean government decided to revive the company via intensive voluntary efforts. Local media earlier cited industry officials as saying that STX Offshore & Shipbuilding could complete its management normalization plan if it cuts its workforce by 40%, a measure dubbed as inevitable for the company’s survival.
If the company’s labor and management do not reach an agreement on self-rescue measures or the measures fail to meet creditors’ requirements, STX Offshore & Shipbuilding will be placed under court receivership again.
The cash-strapped shipbuilder previously filed for court receivership with the Seoul Central District Court on May 27, 2016. Following the application, the troubled shipbuilder was assigned to come up with a self-rescue plan aimed at restructuring up to KRW 6 billion of debt.
STX opted for court receivership after its creditors decided to end their years-long financial aid to the yard, especially since the company lacked funds to meet its financial obligations that were due last year. The debt-restructuring receivership was sought so as to prevent the company from entering insolvency.
In mid-2017, the Seoul Bankruptcy Court decided to finalize the shipbuilder’s receivership process as STX made considerable progress in its economic recovery and managed to adhere to the debt payment schedule proposed under its previous rescue plan.(marine crane;offshore crane)
Dust proof Eco Hopper
Eco dust proof hopper is an economical, environmentally friendly dust discharge hopper, suitable for handling a variety of dry bulk materials. Such as gypsum, cement clinker, slag, sulfur, nickel ore, iron ore, fine copper mine, coal, bentonite, soda ash, limestone and so on.
Eco dust hopper equipped with a simple and effective dust-proof system to minimize dust flying during grab operating.
We also provide custom engineering solutions that ensure the best performance meets the customer's specific application requirements. For materials that are difficult to handle, such as bauxite, we can offer a unique hopper design.
We can offer according to customers’ specific applications. Hopper can be designed to be directly discharged onto the conveyor belt, can also be unloaded to the truck, unloading way is determined by the customer.(marine crane;offshore crane)