Financial Ports

HD Hyundai Strike Threatens $18bn Orderbook as Workers Demand Profit Share

CLAVE 1 / 4Partial strikes begin September 2 at HD Hyundai’s Ulsan yard, lasting 7 hours before rotating daily until September 10.

CLAVE 2 / 4Union demands include a 100% bonus increase and 30% of operating profits as performance rewards.

CLAVE 3 / 4HD Korea Shipbuilding & Offshore Engineering has secured 162 ships worth $18bn in 2026, 77.6% of its annual target.

CLAVE 4 / 4This is the fourth consecutive year of strikes at the yard, with the last peaceful resolution in 2022.

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