TOKYO, Aug. 30 (Xinhua) — Workers represented by a labor union at Japanese division retailer operator Sogo & Seibu Co. will stage a uncommon strike on the firm’s flagship retailer in Tokyo on Thursday, the union stated Wednesday.
The huge Seibu division retailer in Tokyo’s Ikebukuro purchasing district shall be closed on Thursday, with round 900 union members on the retailer refraining from working, the union stated.
The motion got here because the dad or mum firm Seven & i Holdings insisted on finishing the sale of the chain to a U.S.-based funding fund regardless of the union’s request for a putoff.
The enterprise is anticipated to promote for over 200 billion yen (about 1.36 billion U.S. {dollars}) as soon as Seven & i’s board finalizes the sale of the struggling division retailer chain to Fortress Investment Group LLC at a gathering on Friday.
According to native media retailers, the corporate has seen a decline in retailer numbers lately, with its 28 retailers nationwide in September 2009 now right down to 10.