The labor union of Sogo & Seibu, a subsidiary of Seven & i Holdings Co., Ltd. (7 & iHD), plans to strike on the 31st if 7 & iHD holds an extraordinary board meeting to finalize the sale of Sogo & Seibu. One thing became clear. One person spoke on condition of anonymity.
According to the person, the union is seeking to continue labor-management talks with 7&iHD, and 7&iHD will join the board of directors on March 31 to finalize the sale of Sogo & Seibu to U.S. investment fund Fortress Investment Group. It is said that it is a policy to carry out a strike if a meeting is held. He also said that he plans to hold labor-management consultations with 7&iHD on the 28th, and that if the negotiations break down, the company will be notified of the strike.
Seibu Ikebukuro Main Store (Toshima Ward, April 2011)
Photographer: Kiyoshi Ota/Bloomberg
7&iHD was aiming to complete the sale of Sogo and Seibu to Fortress on September 1. If negotiations between labor and management fail to reach an agreement, 7&iHD’s board of directors will make a final decision on the sale on March 31, leading to an unprecedented strike for a domestic retailer.
Sogo & Seibu to be sold for 210 billion yen in September, extraordinary board meeting soon
A spokesperson for 7&iHD didn’t respond to a phone call seeking comment because it was the weekend and it was after hours.
In July, the union held an unanimous vote on establishing the right to strike, with 93.9% of the 3,833 votes cast in favor. They asked the company to disclose information on maintaining employment and continuing business.
Diamond Online earlier reported on the 31st strike on the 25th.
2023-08-26 10:03:03
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