Hanwha’s Philadelphia Shipyard Reportedly Having a Hard Time Recruiting Skilled Workers
I think Philadelphia has such a bad reputation that skilled workers may be hesitant to move there. This means Hanwha may have to offer large pay options to attract additional workers:
Hanwha Ocean’s recent invitation of domestic securities analysts to its Philly Shipyard has sparked both optimism and skepticism over the Korean shipbuilder’s efforts to revive the money-losing facility in Philadelphia.
While analysts anticipate Hanwha will benefit from a surge in orders driven by U.S. President Donald Trump’s push to counter China’s maritime rise by bolstering the American shipbuilding sector, they also questioned whether it will be feasible to secure enough labor in one of the world’s highest-paying countries.
Shinyoung Securities analyst Eom Kyung-ah pointed out that securing the workforce will be key for Hanwha to meet its goal of increasing Philly Shipyard’s revenue to $4 billion by 2035 from $368 million in 2024 by expanding annual capacity to up to 10 vessels from the current 1 to 1.5.
You can read more at the link.
Skilled American shipping manufacturing workers are too few in number, I fixed it for you. It will take years for Hanhwa to train these workers. Trump’s demands that all manufacturing be moved from other countries and into the US practically overnight are a complete fantasy.
Melania: I like your top Donnie.
Donnie: Thank you Mel. His name is Wladimir.
Two little Korea Things going on about something or other in the same place. How cute.
Anyway, America has plenty of skilled labor.
Much of being “skilled labor” is knowing how to work like a man with other men.
Those skills are transferrable from something like construction to many aspects of shipbuilding without a great deal of training.
Of course little nancyboys, foreign and domestic, don’t understand this and would rather go on about “but I can’t” than solve problems with useful education, competent training, and hard work.
The problem of America isn’t so much a lack of skilled labor. It is an overabundance of useless people constantly in the way.