Netherlands -Workers go to court to obstruct retailer’s pay cuts -January 27, 2015

The management of V&D, a large retailer owned by private equity company Sun Capital, has asked all staff to accept pay cuts of 6%, but without a job guarantee.

The management of V&D, a large retailer owned by private equity company Sun Capital, has asked all staff to accept pay cuts of 6%, but without a job guarantee. Backed up by the trade unions the workers are planning either a joint action or a number of test cases in their legal fight. V&D has a workforce of 5,000 employees. The company was bought in 2004 by the notorious private equity company KKR. Under that regime large parts of the company’s subsidiaries and premises were sold with substantial profit. The remaining part was loaded with debt, a situation that continued after the entrance of Sun Capital in 2010.

English: http://www.dutchnews.nl/news/archives/2015/01/vd-workers-go-to-court ...   


For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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