H&M has announced a Work Order File (ERE) In Spain, this will affect 588 employees and lead to the closure of 28 branches across the national territory, CCOO reports in a statement. The Swedish textile chain attributes this process to “organizational, productive and economic causes in business«, and intends to start it Negotiation process next September.
The union believes that “This measure is too aggressive and that solutions can be sought that do not involve job losses“, particularly “after the mobilization processes of last year and the agreement reached«.
«Both organizations will negotiate with the aim of preserving the maximum number of jobs and minimizing the impact of such strict measures as those proposed by H&M, especially when we are talking about a workforce that has already been decimated since the mass layoff process in 2021“he claims CCOO.
In this sense, the union recalls that “with the new royal decree issued last year in the event of workplace closures The company must notify the labor authority at least six months in advance. Until the negotiating table is set, a copy will be sent to the most representative unions at the state and regional levels«.
H&M received a Profit of 7,147 million crowns (616 million euros) In the first nine months of its fiscal year, between December 2022 and August 2023, a Increase of 61.3% compared to the same period last year. During the phase, Sales reached 173,385 million crowns (14,944 million euros)7.6% more.
On your side, on your side third fiscal quarterFrom June to August, H&M earned 3,319 million crowns (285.9 million euros), six times more than in the same period in 2022, when the company made a profit of 531 million crowns (45.8 million euros). The Net sales in the quarter were 60,897 million crowns (5,246 million euros).6% more, while the Net operating profit (EBIT) It was 4,739 million (408.3 million euros), five times more than in the same period last year.
