Hyundai Heavy Industries integrates overlap of functions
Hyundai Heavy Industries (HHI), the world's largest shipbuilder, is set to integrate overlapping roles and responsibilities across HHI and its shipbuilding affiliates, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries, as part of a drive to realign the business, the company said in its press release.
HHI recently identified four areas of overlap for phase one of functional integration, namely, finance, accounting, IT and public relations. Going forward, the scope of business coordination will eventually expand into other functions as well as to other affiliates under the HHI group.
The business realignment is geared toward achieving increased synergy among affiliates by minimizing redundant investment, enhancing coordination and ensuring efficiency in HR management.
