Sweden, H&M

Sweden, H&M

H&M in talks with tens of thousands of staff to cut working hours due to pandemic

H&M in talks with tens of thousands of staff to cut working hours due to pandemic

2/4/2020 2:09:00 PM

H&M in talks with tens of thousands of staff to cut working hours due to pandemic

Sweden 's H&M said on Thursday it was in talks with tens of thousands of its staff about shortening working hours with the firm among many ...

BookmarkSTOCKHOLM: Sweden's H&M said on Thursday (Apr 2) it was in talks with tens of thousands of its staff about shortening working hours with the firm among many retailers hit by the coronavirus pandemic and fewer customers in many markets.

Singapore reports 506 new COVID-19 cases; 1,096 more patients discharged Singapore in discussions with S. Korea, Australia, to establish 'green lanes' for travel COVID-19 vaccine could be ready by year-end, says China government body

"The spread of COVID-19 has caused an exceptional situation and the H&M group is forced to make several difficult decisions," a company spokeswoman said in a statement to Reuters.AdvertisementAdvertisement"Dialogue with employees on temporarily shortened working hours affecting tens of thousands of employees globally has been initiated in several markets. It also concerns officials at central functions."

H&M said in March it was taking several measures in respect of buying, investments, rents and staffing to cut costs, warning it may affect tens of thousands of employees.At that time, it also said it had decided to scrap its proposed dividend in a historic move, at a time when around 70per cent of its stores were temporarily closed due to the virus outbreak.

H&M is due to publish its full earnings report for December through February, its fiscal first quarter, on Friday. It has already reported that sales in the quarter grew 8 per cent. Read more: CNA »

Coronavirus: Grounded SAS cabin crew get hospital training in SwedenSTOCKHOLM (REUTERS) - Furloughed crew from crisis-hit Scandinavian airline SAS are taking a three-day course in basic hospital duties to help plug gaps in a Swedish healthcare system strained by thousands of coronavirus cases.. Read more at straitstimes.com.

BA in union talks to suspend around 32,000 staff: sourceBritish Airways is in talks with its union about a plan to suspend around 32,000 staff in response to the coronavirus pandemic, a person familiar ...

UN's COP26 climate summit postponed due to coronavirus pandemicLONDON: The United Nations' COP 26 climate change summit due to take place in the Scottish city of Glasgow in November has been postponed due to ...

Tennis: Wimbledon cancelled in 2020 due to COVID-19 pandemicThe Wimbledon Championships scheduled to take place from June 29-July 12 have been cancelled this year due to the coronavirus pandemic, the All ...

Several options on the table for Europe's stricken leaguesSome clarity on how soccer leagues in Europe plan to complete seasons that have been put on hold due to the coronavirus pandemic is expected this ...

Women's Euro 2021 to be postponed by a year: Danish FAREUTERS: The 2021 women's European Championship in England will be delayed by a year due to the coronavirus pandemic, the Danish Football ...