H&M agrees with its staff in Spain to improve wages and sales incentives

The management of the Swedish multinational company H&M reached the principle of agreement with its workers, through its trade union representation (CC. OO, and UGT), which 4,000 employees of the workforce in Spain Their working conditions and wages will improve, and they will receive a sales incentive of up to 50 euros per month for all jobs in the store and an increase in resources in the facilities.

The deal comes later multi-day mobilizations and strikes in the middle of a sales campaigneven with the closing of a hundred stores spread across the country by the group.

Among the achievements made by the team, the pact includes a number of improvements such as increased funds in stores effective immediately, as the workforce will increase by 91 work centers.

will also be created contractual novations (change, replacement or transfer of an employee with whom the employment relationship has already been maintained) to 60 people part-time by combining additional hours and/or extensions of working days spent in the last five months, while the company withdrew the proposal to reduce sick pay. According to the Secretary General of CC Services. OO., José María Martínez, the labor dispute that broke out at H&M was due to «huge load and a bias that led to far higher than average absenteeism due to understaffing». “The problem is the coordination of schedules and the lack of staff,” he explained.

For its part, the management of the Spanish H&M expressed its gratitude to all parties for the “constructive dialogue”, which made it possible to reach a “fair” agreement.

the results

The textile chain presented the accounts of the group: in the first six months of the fiscal year, it achieved an attributed net profit of 326 million euros, which represents a drop of 1.6 percent compared to the same period last year, the multinational reported. The results were weighed down by high raw material and transportation costs, the strength of the dollar, energy costs and the effects of the liquidation of operations in Russia,” the company explained.