![]() ![]() ![]() In addition to the employee crisis, each ship’s cargo holds are also bursting with consumer goods, from Nike sneakers to Samsung electronics, which may not make it to retailers in time for the busy holiday shopping season. With no way to dock, those workers are stuck onboard the ship with no way to get home the company has not revealed a plan to pay these employees or a plan for getting the workers back to their home ports. Hanjin Shipping’s bankruptcy has left both employees and cargo adrift the massive carrier ships are anchored offshore and slowly running out of food and water for the castaway employees. The ships are slowly going through their available food, water and supplies as the company struggles to find ports that will accept them – without seizing their assets. Those boats aren’t empty current estimates reflect about $14 billion in inventory and a full host of employees as well. Hanjin Shipping, the world’s seventh largest shipping business, has been faltering for months now that they have actually gone for bankrupt, the South Korean business has 40 ships left stranded at sea. Dozens of Hanjin ships holding billions of dollars in goods are anchored at sea, unable to come to port for fear of seizure. While employees are usually worried about covering the bills, maintaining health insurance coverage and filing for unemployment, crew members onboard ships owned by Hanjin Shipping face much larger problems. Recently, Fox News reported the dilemma faced by both business and employees when a large enterprise runs out of cash. What happens to employees when a company goes bankrupt? ![]()
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