Dominguez: New US-led owner of Subic shipyard to create 300 new jobs a year By: Ben O. de Vera – Reporter / @bendeveraINQ Philippine Daily Inquirer / 03:42 PM April 24, 2022 President Duterte’s chief economic manager on Sunday said an American firm’s takeover of the massive Subic shipyard shuttered in 2019 would generate 300 new jobs at the…
by Jenina P. Ibañez, PHILSTAR, 27 Jul 2021 THE FORMER Hanjin shipyard in Subic may reopen before the end of the year under a North American company as talks are almost finalized, the Subic Bay Metropolitan Authority (SBMA) said.
By Priam Nepomuceno, 14 Jan 2020 MANILA — The Philippine Navy (PN) plans to construct the base of its proposed submarine arm inside the facility of the cash-strapped Hanjin Heavy Industries and Construction (HHIC-Phils) in Subic Bay, Zambales.
By: Ben O. de Vera, Philippine Daily Inquirer, 2 Oct 2019 A foreign shipbuilding giant, but not a Chinese company, could take over the Subic shipyard left behind by Hanjin Heavy Industries and Construction Phils before the end of the year, according to the head of the Subic Bay Metropolitan Authority (SBMA).
by Richmond Mercurio (The Philippine Star) – Sept 13, 2019 MANILA, Philippines — The search may soon be over for an investor who can take over the shipyard facility of financially troubled Hanjin Heavy Industries and Construction Philippines in Subic, according to Subic Bay Metropolitan Authority (SBMA) chairman and administrator Wilma Eisma.
by Bilyonaryo, 21 Aug 2019 Four of the country’s biggest banks were forced to book massive impairment losses after the bankrupt Hanjin Heavy Industries and Construction Philippines defaulted on their combined $412 million loans.
Hanjin shipyard can become a major global port — Lopez Iris Gonzales (The Philippine Star) – July 15, 2019 – 12:00am MANILA, Philippines — The 300-hectare shipyard of Hanjin Philippines may be taken over by several shipping companies that would transform it into a major global port, Trade Secretary Ramon Lopez said in a chance…
by Mary Grace Padin (The Philippine Star), Jun 26, 2019 MANILA, Philippines — Philippine banks have converted part of their loan exposure to Hanjin Heavy Industries & Construction Philippines Inc. (HHIC-Phil) into shares in the shipbuilder’s parent company in South Korea, according to Rizal Commercial and Banking Corp. (RCBC).
MANILA, Philippines — Ports tycoon Enrique Razon is in talks with the creditor banks of Hanjin for the possibility of taking over the shipyard of the bankrupt shipping construction giant. “We’re still making presentations to the banks. We’re developing a masterplan for Hanjin.” Razon told reporters yesterday on the sidelines of the annual stockholders…
by Gillian M. Cortez, BUsinessWorld, Mar 25, 2019 THE PAYMENT of separation benefits to workers of Hanjin Heavy Industries and Construction Corp. Philippines (HHIC-Phil) may have been clouded by the workers’ expectations of remaining employed by the failed shipyard, with the Labor department expressing doubt that the remaining workers can obtain relief.
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by Vito Barcelo, Philippine Daily Inquirer, Feb 14, 2019 The Department of Labor and Employment advised employees of Hanjin Heavy Industries Corp. not to sign “voluntary resignation” papers for it would strip them of their rightful benefits.
Top 5 lenders take control of $1.6-B Hanjin shipyard By: Daxim L. Lucas, Miguel R. Camus, Philippine Daily Inquirer, Jan 11, 2019 Five of the country’s largest banks are rushing to cover a combined loan exposure of $412 million, most of it lent without the benefit of collateral protection, after the local shipbuilding unit of…
By Elijah Rosales, Henry Empeño, Lenie Lectura, Sam Medenilla, VG Cabuag, Business Mirror, Jan 10, 2019 THE full story of Hanjin Heavy Industries and Construction Co.-Philippines (HHIC-Phil) Inc., once touted as the shining star of Subic Freeport and an inspiration to Philippine policy-makers who used it as part of their basis to list shipbuilding among…
By Henry Empeño, BusinessMirror, May 17, 2018 SUBIC BAY FREEPORT — Authorities have suspended a subcontractor at the Hanjin shipyard in the Redondo Peninsula here after an accident last Saturday killed one worker and injured three others when they fell off a collapsed platform mounted at the side of a ship under construction.
Mar 14, 2018 – SEXUAL HARASSMENT VICTIM IN HANJIN BELIEVES IN “For the union makes us strong …” A 26-year old office staff in a Hanjin contractor today filed charges of “acts of lasciviousness’ against a Korean supervisor (foreman). She alleged these acts have been taking place for three years, the latest incident happening on…
Mar 12, 2018 – GENDER-BASED VIOLENCE ON WOMEN UNIONISTS IN HANJIN ON WOMEN’S MONTH! In perverse commemoration of Women’s Month, a Korean foreman [foreperson] of shipbuilder Hanjin Heavy Industries and Construction – Philippines allegedly committed despicable acts of violence on two women unionists. Women’s month pa naman.
Feb 20, 2018 – VOLUNTARY RESIGNATION SCHEMES MEANT TO BUST THE UNION Grabe! Despite the AMAPO/Hanjin MOA, Hanjin continues trying to undermine the union, say our Hanjin correspondents.
Feb 3, 2018 – HANJIN WORKER FALLS FROM LADDER FEET FIRST, AND DIES!!!??? What mysteries hide in Hanjin? A 23-year old male Hanjin worker in electrical installation climbed a ladder to remove an exhaust fan they had used while welding the light support in a pump room. He suddenly fell from the ladder (90 centimeters,…
BY PATRICK ROXAS, TMT, Manila Times, Feb 3, 2018 SUBIC BAY FREEPORT: Shipbuilding giant Hanjin Heavy Industries and Construction Philippines (HHIC-Phils) signed a Memorandum of Agreement (MoA) with Alyansa ng Manggagawang Pilipino Organisado-Trade Union Congress of the Philippines (Amapo-TUCP) for a collective bargaining agreement (CBA) between the company’s 18 subcontractors and its counterpart labor unions.
Read the report here.
View the Hanjin Inter-Office Memorandum to properly appreciate another certified Hanjin practice against its hapless workers.
‘Overtime, over day’ is the workers’ pejorative term for the very long hours in certain sections in Hanjin. Workers cite these long hours as contributing to exhaustion, illnesses and, worse, fatal accidents. The accident is another in a series of many deaths and injuries in shipbuilder Hanjin, even after DOLE allegedly looked into the ‘bad’…