The South Korean shipping company Hyundai Merchant Marine will hire about 200 workers from its competitors, Hanjin Shipping Co. after the company filed for bankruptcy last year.
According to information from PortTechnology, from February 220 former Hanjin employees, including onshore, offshore and overseas staff, as well as ship managers, will be part of HMM workforce.
HMM CEO, Yoo Chang-Keun said that the candidates were selected through an individual interview process. He also indicated that the company would provide all the support to the former Hanjin employees to help them in the adaptation process into a new corporate culture.
Last December Hyundai declared its intention to increase its market share from 2.2% to 5% for the year 2021. This would be accomplished through different methods that will allow HMM rising revenues and services quality in a period of 2 to 3 years. This includes the agreement settled with 2M alliance, formed by Maersk and MSC.
Chang Keun also said that in a medium to long run, the expectations would take HMM to specialize in Asia- US routes, based on previous experiences to promote its influence on the market.