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Unfavorable factors clouding Hyundai Heavy Posted : 2021-07-09 09:08 Updated : 2021-07-09 17:02 Hyundai Heavy Industries union members occupy a turnover crane at the company s Ulsan headquarters, Tuesday. Courtesy of Hyundai Heavy Industries union Steel sheet price rise to cut company s profitability By Kim Hyun-bin Hyundai Heavy Industries Group s sub-holding company Korea Shipbuilding & Offshore Engineering (KSOE) has already fulfilled over 90 percent of its sales goal this year, but despite having an impressive backlog, the company is facing several unfavorable factors. For the past two years, Hyundai Heavy has been embroiled in a union-management conflict over wage issues and from Tuesday began to suffer from a selective strike. In addition, the delay of the European Union s review of its acquisition of Daewoo Shipbuilding and Marine Engineering (DSME) is also becoming problematic for the company, while the rise in steel sheet prices is set to cut the shipbuilder s pr

South koreaEu competition commissionHyundai heavy industriesHyundai heavy industries groupEuropean unionCourtesy of hyundai heavy industriesHeavy industriesHeavy industries groupKorea shipbuildingOffshore engineeringHyundai heavyDaewoo shipbuildingMarine engineeringதெற்கு கொரியாயூ போட்டி தரகுஹூண்டாய் கனமான தொழில்கள்