Seven & i unit Sogo & Seibu's labour union confirms right to strike
A LABOUR union of Seven & i Holdings department store unit Sogo & Seibu on Tuesday (Jul 25) confirmed its right to strike over a proposed sale of the subsidiary.
Japan-based Seven & i, operator of the world’s largest convenience store chain, agreed last year to sell Sogo & Seibu to US fund Fortress Investment Group. The union planned to vote on a strike this month as part of its negotiations to demand that jobs are preserved, the Jiji news service reported earlier.
A Seven & i spokesperson said the company had been informed about the confirmation of the strike vote. Union representatives could not be immediately reached by phone.
“We will refrain from commenting on the results of the vote,” Seven & i said in a statement. “However, we would like to continue careful dialogue with the union, aiming to build consensus while creating an environment that will allow Sogo & Seibu to grow again.” REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Bank of Singapore takes action against employees for misusing medical benefits
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine