Get the app today! Download iPhone App Download Android App

Nationwide Strike Called At Metro's German Hypermarket Chain Real

Published on Nov 23 2018 12:49 PM in Retail tagged: Trending Posts / Strike / Metro AG / Real Hypermarket / Verdi

Nationwide Strike Called At Metro's German Hypermarket Chain Real

German services union Verdi has called a nationwide strike at Metro AG's Real hypermarket chain for next Monday to press a demand for its 34,000 staff to be covered by a collective pay deal.

Verdi said in a statement that Metro had in June bailed out of the pay agreement so that it could hire new staff more cheaply, and had also let go 4,500 staff on fixed-term contracts to cut costs.

In July of this year, the labour union had threatened to stage further industrial action in protest over the wage agreement, that it said would result in 23% lower pay for new hires.

'Striving To Sell Real'

Metro CEO Olaf Koch said the strike would not deter him in his determination to sell Real, which was put on the block in September as he focuses on Metro's wholesale operations.

"We are striving to sell Real as a whole," Koch said in a statement. Private equity firms are seen as the most likely bidders for the hypermarkets business that has struggled to compete in the cut-throat German market.

Real CEO Henning Gieseke criticised the strike and a planned protest at Metro's headquarters in Duesseldorf, saying in a statement that it would harm the business and its staff just as the year-end shopping season was getting underway.

Management described as "unrealistic" the call to return to a collective pay deal with Verdi and said its stores would remain open despite the strike.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email