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(Working Paper 2017-15/Employment and Labor Policies in Transition: Employment) Employee Protection to Facilitate Restructuring
  • 저자 Jae-Min Seong
  • 출판일 2017.11.30
  • 판매가 비매품
  • 재고 재고없음
  • 페이지수 7 페이지
  • ISBN  
  • 요약
    Manufacturing jobs grew in the past few years at the rate of 100,000 year-on-year, but it abruptly came to a halt in 2016 when restructuring became a pressing agenda. They even declined by 110,000 year-on-year in the fourth quarter of 2016. Employment Insurance (EI) statistics on “Other transport equipment manufacturing sector” which includes shipbuilding show a decline of 30,000 jobs from 210,000 at the end of 2015 to 179,000 at the end of 2016. As the absolute majority of wage workers in this sector are grouped into shipbuilding, this data indicates that close to 15% of all EI-covered wage workers in shipbuilding have lost their jobs due to restructuring. Given that there are an estimated 20,000 shipbuilding workers in the Geoje Island alone, who are not covered by EI (known as “Volume Team” or sub-contractors), the actual size of the workforce laid off during restructuring is likely to be well over 30,000. There are news of new shipbuilding orders coming in, as well as
    expectations of recovery in the demand for ocean plants thanks to pick-up in oil prices, but restructuring is likely to continue for the time being as decline in outstanding orders is outpacing increase in new contracts.
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