Financial News

South Korean Daewoo shipyard workers will end strike if damage compensation lawsuits are dropped – union official

Reuters
Reuters
The logo of Daewoo Shipbuilding & Marine Engineering Co is seen at its building in Seoul

SEOUL – Contract shipyard workers at Daewoo Shipbuilding & Marine Engineering (DSME) are willing to end their strike and accept a wage increase offered by the company if lawsuits seeking compensation for damages are dropped, a union official representing the strikers told Reuters on Thursday.

(Reporting by Byungwook Kim; Editing by Shri Navaratnam)

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