Despite a surge in orders over the past two years, the South Korean shipbuilding industry is facing mounting pressures due to rising costs and labor s.
Despite a surge in orders over the past two years, the South Korean shipbuilding industry is facing mounting pressures due to rising costs and labor s.
South Korean shipyards are enjoying a heyday with enough backlog from last year’s orders to keep each of them busy for two to three years, but they cannot be jubilant as they run short of manpower to meet orders and advance technology upon losing skilled work force during the decade-long slump. According to the Korea .
South Korean shipbuilders are facing a serious manpower shortage with the industry recovering after a long hiatus. The shipbuilders are supposed to build a much larger number of ships starting from the second half of this year, but skilled subcontract workers are showing no signs of returning after the large-scale restructuring in the mid-2010s. The .
Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries have remained cautious about hiring blue-collar workers, despite labor shortage concerns resulting from the recent recovery of the shipbuilding market, according to industry officials, Wednesday. Their stance was in stark contrast to Hyundai Heavy Industries (HHI) Group’s recent decision to resume employment of regular blue-collar .