HHI Experiences Work Shortage, Sends Employees on Paid Leave

0
Image Courtesy: Business Korea

Hyundai Heavy Industries has employed a paid leave rotation scheme in agreement with its employees to cater for the shortage in work.

The system went into place on September 11 and affects 8,930 workers, accounting for 7% of the company’s workforce. The leave rotation would be a five-week program and is being implemented as a solution to the idle workforce.

Under the system, the union employees would be paid approximately 70% of their average salary and be allowed to keep their jobs as opposed to being sent on unpaid leave, which was the case earlier.