SEOUL—One of the world’s largest shipbuilders struck a deal over wages with subcontract workers Friday, ending a weekslong strike that had triggered roughly $600 million in losses and pushed back deliveries of in-demand vessels for liquefied natural gas.
South Korea’s Daewoo Shipbuilding & Marine Engineering Co. had seen construction disrupted at its main shipyard since June 2. Around 120 striking workers, demanding a big boost to wages, occupied an oil tanker under construction at Daewoo’s shipyard in the South Korean coastal city of Geoje.
