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
Singapore stocks advance at Friday’s open, STI up 0.4%
OpenAI plans to announce Google search competitor on Monday: sources
United Hampshire US Reit reports 19% lower distributable income of US$6.4 million
UBS weighs bonus for investment bankers who refer rich clients
Stocks to watch: OCBC, Sri Trang Gloves, Wilmar, Great Eastern, F&N, SingPost
BP keen to buy Tesla supercharging sites for US expansion