Stock Market News

H&M shopworkers in Spain extend strike for two days early July

2023.06.23 07:55


© Reuters. FILE PHOTO: A woman looks at an H&M sign at the entrance to an H&M store in Palma on the island of Mallorca, Spain June 14, 2019. Picture taken June 14, 2019. REUTERS/Anna Ringstrom

MADRID (Reuters) – Shop assistants at Swedish fashion retailer H&M in Spain extended a three-day strike planned in late June to demand pay raises into two more days in early July, unions said on Friday.

The strikes, called by the CCOO and UGT trade unions, were scheduled for June 20, 22 and 26 and workers have now decided to walk out on July 1 and 8 as well, in the middle of H&M’s summer sales season.

“The strike is extended because negotiations are blocked,” said union leader Maria de los Angeles Rodriguez.

Around 95 of the 125 H&M stores in Spain were closed on June 22 as 80% of the 4,000 shop assistants walked out on the second day of the strike, according to a statement from the two unions.

The flagship store in Gran Via, in downtown Madrid, had to shut.

The workers decided to protest after a months-long wage negotiations failed to yield an agreement. Workers claim H&M paid less than its major competitors, including main rival Zara, which is owned by Inditex (BME:).

H&M declined to comment on the workers’ demands but said it “respects the rights of employees to express themselves freely”.

Earlier this year, Inditex agreed to a 20% rise in average wages for shop workers in its home market of Spain in response to workers’ demands for higher pay to offset soaring consumer prices.

“The company wants to discuss other issues, but now is the time to resolve the problems raised by the workers, such as wages and the enormous workload,” said Lucia Trenor, another union leader.

Spain accounts for 3.7% of H&M’s global 106,000 shop workforce, 75% of whom are women, according to its 2022 annual report.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 83,431.35 1.28%
ethereum
Ethereum (ETH) $ 1,584.82 2.26%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.08 2.30%
bnb
BNB (BNB) $ 577.00 1.17%
solana
Solana (SOL) $ 126.17 1.74%
usd-coin
USDC (USDC) $ 1.00 0.01%
tron
TRON (TRX) $ 0.250087 0.71%
dogecoin
Dogecoin (DOGE) $ 0.153442 3.01%
cardano
Cardano (ADA) $ 0.60748 4.13%
staked-ether
Lido Staked Ether (STETH) $ 1,584.61 2.25%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 83,472.36 1.06%
leo-token
LEO Token (LEO) $ 9.34 1.04%
avalanche-2
Avalanche (AVAX) $ 18.83 6.36%
chainlink
Chainlink (LINK) $ 12.23 2.92%
usds
USDS (USDS) $ 1.00 0.00%
stellar
Stellar (XLM) $ 0.235279 1.67%
the-open-network
Toncoin (TON) $ 2.84 1.94%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 2.53%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,899.66 2.03%
sui
Sui (SUI) $ 2.08 4.22%
hedera-hashgraph
Hedera (HBAR) $ 0.156474 5.03%
bitcoin-cash
Bitcoin Cash (BCH) $ 319.72 1.25%
litecoin
Litecoin (LTC) $ 75.12 2.43%
polkadot
Polkadot (DOT) $ 3.52 4.02%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.99946 0.08%
bitget-token
Bitget Token (BGB) $ 4.24 1.66%
hyperliquid
Hyperliquid (HYPE) $ 15.03 4.15%
ethena-usde
Ethena USDe (USDE) $ 0.998975 0.05%
weth
WETH (WETH) $ 1,595.13 1.27%
pi-network
Pi Network (PI) $ 0.616597 16.66%
whitebit
WhiteBIT Coin (WBT) $ 27.61 0.61%
monero
Monero (XMR) $ 215.94 0.62%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,695.94 1.59%
dai
Dai (DAI) $ 1.00 0.02%
okb
OKB (OKB) $ 52.50 1.97%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 83,441.36 1.23%
uniswap
Uniswap (UNI) $ 5.18 2.90%
pepe
Pepe (PEPE) $ 0.000007 3.71%
aptos
Aptos (APT) $ 4.61 3.85%
gatechain-token
Gate (GT) $ 22.43 0.25%
tokenize-xchange
Tokenize Xchange (TKX) $ 33.92 14.53%
ondo-finance
Ondo (ONDO) $ 0.826196 5.32%
susds
sUSDS (SUSDS) $ 1.05 0.01%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
near
NEAR Protocol (NEAR) $ 2.03 3.59%
mantle
Mantle (MNT) $ 0.697081 0.53%
internet-computer
Internet Computer (ICP) $ 4.74 2.71%
crypto-com-chain
Cronos (CRO) $ 0.082259 3.09%
ethereum-classic
Ethereum Classic (ETC) $ 14.87 2.27%