Workers at South Korea's Samsung Heavy Industries Ningbo have taken strike action in protest over the yard’s planned closure.

Shipbuilding sources said workers downed tools on 15 September and are seeking an improved compensation package.

According to local reports, the yard’s parent company — Samsung Heavy Industries — has already lined up CNY 750m ($116.5m) in compensation for its Chinese workers.

SHI did not respond to emails from TradeWinds.

A local shipbuilding player said the proposed payout by SHI is being viewed as inadequate, with workers seeking compensation equivalent to two or three years of their annual salary.