Last January 8, 2019 Hanjin Heavy Industries and Construction Company announced its bankruptcy with a massive debt of 400 million dollars from five Philippine banks and 90 million dollars from Korean lenders. This has caused the majority of Hanjin workers to lose their jobs over the last few years. Hanjin is a large Korean Shipbuilding Company located in Subic Bay, Zambales. Being the 4th largest shipbuilding plant in Asia, Hanjin has employed 30,000 skilled and semi-skilled Filipino shipbuilders. The company is complete with state-of-the-art facilities and equipment, a stark contrast to the state of its workers, even when the company was at its peak. Firstly, their workers were victims of contractualization under 21 subcontracting agencies. Moreover, from 2008 to 2012, 52 deaths, and 28 injuries ranging from minor to severe, along with 12 cases of maltreatment have been recorded due dangerous working conditions. Furthermore, when 30 workers, who were also members of the Hanjin Heavy Industries and Construction Phils. Inc. Workers Union (HHICPIWU) brought to the attention of the Senate Labor Committee the realities of the worker conditions in Hanjin in 2009, their efforts were met with retaliation through forced termination from the company.