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Govt takeover of Hanjin | Inquirer Business

There is unanimity of opinion in the business and labor sectors that all efforts must be taken to prevent Hanjin Heavy Industries and Construction Corp. Philippines from closing down.

On the business side, Hanjin’s proven world-class shipbuilding expertise will be useful to an archipelagic country like the Philippines. The country’s maritime industry could save billions of pesos in construction costs if sea vessels are fabricated locally instead of abroad.

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For Hanjin’s 3,000 or so workers, its shutdown would mean their joining the ranks of millions of unemploy…
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