Workers protested Samsung Heavy Industries' abrupt decision to shutter its 26-year-old Ningbo shipyard in eastern China, demanding greater compensation as the South Korean company retreats from a low-profit operation.
Samsung Heavy Industries (Ningbo) plans to terminate staff and shut down the operation by year-end, the world's third-largest shipbuilder said Monday. Thousands of workers gathered at the site, demanding more severance pay, according to video clips provided by workers. In a letter to employees, the company said the COVID-19 pandemic caused serious difficulties for the business.
