Hanjin Heavy Industries and Construction Corp. will hire 24,000 more Filipino workers for its Subic and Misamis Oriental plants, the government announced on Tuesday.
At present, Hanjin Philippines Inc., the corporation’s main office in the Philippines, employs 16,000 workers.
During a meeting with Hanjin Philippines President Jong Shup Shim, President Gloria Arroyo lauded the company’s billion-dollar investment in its Subic shipyard, and the additional multi-billion investment in a new facility in Misamis Oriental, which would make the Philippines the fourth-largest shipbuilder in the world.
Jong later told reporters that starting September, Hanjin would begin local production of ship components that they normally import from South Korea for the assembly of work at Subic.
Jong estimated that the company would be able to manufacture $29-million worth of locally produced components for the first year, and he expressed confidence that this amount would increase to $57 million next year.
Jong said the company would make the ships produced at the Hanjin shipyard in Subic, entirely and proudly, Philippine-made.