Investing
Seven & i department store unit union threatens to strike on Thursday -Nikkei
© Reuters. FILE PHOTO: The logo of Seven & I Holdings is seen at its headquarters in Tokyo, Japan December 6, 2017. REUTERS/Toru Hanai/File Photo
TOKYO (Reuters) -A labour union of Seven & i Holdings department store unit Sogo & Seibu threatened on Monday to go on strike at a flagship store depending on the outcome of talks with management over the subsidiary’s sale, the business daily reported.
Labour strikes are extremely rare in Japan, and if it goes ahead, it would be the first at a major department store in about 60 years, local media reported.
A Seven & i Holdings spokesperson said the company was reviewing the labour union’s requests.
Japan-based Seven & i, operator of the world’s largest convenience store chain, agreed last year to sell Sogo & Seibu to U.S. fund Fortress Investment Group. But the deal has been delayed amid opposition from workers, and company management cancelled a meeting for Friday last week where it was to decide on the sale, Kyodo had reported.
Negotiations will continue but the union has told management that if talks break down, they would go on strike starting Thursday, the Nikkei said.
Seven & i’s board was said to be planning a board meeting that day in hopes of completing the sale of the unit on Sept. 1, the Nikkei said.
The union is considering a strike at Seibu’s flagship store in Ikebukuro, it said.
Read the full article here
-
Investing5 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Side Hustles6 days ago
5 Key Strategies for a Seamless Cloud Migration
-
Investing6 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Passive Income6 days ago
Go Paperless with the PDF Reader Pro for $49.99
-
Side Hustles6 days ago
Why the Future of Cybersecurity Marketing Relies on Trust
-
Side Hustles5 days ago
VP Exec’s Top Tips for Negotiating and Relationship-Building
-
Investing5 days ago
Britain’s FTSE 100 rises as oil price jump boosts energy shares By Reuters
-
Side Hustles5 days ago
Why the Smallest Details Mean the Most in Marketing