Spain - Fashion retailer to shut a fifth of stores and lay off workers - January 31, 2024

Swedish fashion retailer H&M  announced a plan to close down more than a fifth of its stores and lay off as many as 588 workers. In a joint statement, the unions CC.OO and UGT stated that the company will carry out the layoffs for unspecified organizational, productive and economic reasons. According to H&M's annual report, the company has 133 stores in Spain and employs almost 4,000 people. The retailer confirmed in a statement it intends to close 28 stores.

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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
You may find further information on the ETUI at www.etui.org.