Unionized Workers at Hyundai Heavy Industries, the world’s largest shipyard, have demanded that the company guarantees job security for its workers in the event that it does proceed with purchasing a local rival company. The union is concerned that the acquirement of the smaller company will result in layoffs. Union representatives feel that if the firm takes over the other shipyard without guaranteeing the jobs of current employees, the relationship between labor and management will become worse.
See "Hyundai Heavy labor union demands 'no layoffs' in Daewoo Shipbuilding takeover", Yonhap, The Korean Herald, February 11, 2019