South Korean shipbuilder Daewoo, workers agree to end strike

Seoul – One of the world’s largest shipbuilders struck a deal with subcontracting workers on wages on Friday, ending a week-long strike that caused nearly $600 million in damages and for liquefied natural gas Delivery of in-demand ships pushed back.

of south korea Daewoo Shipbuilding and Marine Engineering The company had seen construction disrupted at its main shipyard since June 2. About 120 striking workers, demanding a large increase in wages, captured an oil tanker under construction at Daewoo’s shipyard in the South Korean coastal city of Geoje.