Citation
(2006), "Where are the workers?", International Journal of Productivity and Performance Management, Vol. 55 No. 5. https://doi.org/10.1108/ijppm.2006.07955eab.001
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited
Where are the workers?
At Korea’s leading shipbuilding companies, all members of the Korea Shipbuilders’ Association, the average age of workers is 42 years old. The companies include Hyundai Heavy Industries Co. and Daewoo Shipbuilding and Marine Engineering Co., the nation’s largest. These companies have for the most part stopped hiring to shrink their payroll costs, a move that is now haunting them.
“Right now, the shortage of available workers is more serious than the aging of the work force,” a spokesman with the association said. “If there is no infusion of young blood at some of the shipyards soon, they might have to close down in ten years or so.”