Strikes at Korea’s global shipping giant threaten supply chain ‘turmoil’



Song Jung-a | Financial Times

One of Asia’s biggest shipping companies is facing the threat of imminent worker strikes, risking further disruption to global supply chains that are already battling surging costs and shortages of containers and computer chips.

South Korea-based HMM will hold talks on Wednesday afternoon with the company’s labour union about raising wages after sailors and dockworkers voted in favour of a strike last month, demanding sharp pay rises as the group’s profits soared.

Analysts said a strike would likely cause further disruption to global tech and auto supply chains, which have been strained by material and parts shortages as well as bottlenecks at ports because of coronavirus-related restrictions and staffing shortfalls.

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