Daewoo No. 1 Productivity

Daewoo Shipbuilding & Marine Engineering (DSME) recorded the highest labor productivity last year among the big 4 shipbuilders in South Korea.
Last year, DSME, whose employees amount to 11,830, posted revenue of KRW 11.0746trn ($8.289bn) which means one employee attained revenue of some KRW 935m, higher than that of Hyundai Heavy Industries (HHI), the world's biggest shipbuilder.
HHI, of which employees total 26,103, posted revenue of KRW 764m per employee in 2008 while Samsung Heavy Industries (SHI) whose employees amount to 11,882 achieved revenue of KRW 897m per worker in the year.
While STX Shipbuilding which employs 2,179 posted revenue of KRW 1.376bn per employee in 2008, its operating profit per employee came to just KRW 43m, less than half of DSME's KRW 87m.
HHI posted operating profit of KRW 84m per employee last year while SHI attained KRW 63m.
DSME's high labor productivity seems to have been resulted by president Nam's field management and the ‘F1 strategy' DSME launched two years ago.
DSME, through F1 strategy, aims to become the world's No. 1 company in the shipbuilding and offshore sector this year. DSME said it expects to post revenue of KRW 13trn mark for 2009 which would be similar with HHI's revenue for the year in the sector.

Source : http://www.vinamaso.net/news-events/shipbuilding-repair/daewoo-no1-productivity.html