In an attempt to block Carrefour’s plan to sell an undisclosed number of its South Korean outlets, the trade union representing the French retailer’s Korean workers has threatened industrial action.
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Reports yesterday (15 March) suggested that Carrefour may be considering withdrawing altogether from the Korean market, where its discount stores are reported to have under-performed compared to national chains.
Carrefour has refused to confirm or deny this speculation, stating that the sale process is not underway.
However, the 700-member union remains sceptical. Carrefour Korea labour union leader Kim Kyoung-Wook told Agence France-Presse: “We will launch a strike on 1 April. We urge the company to make sure in the course of negotiations with a potential buyer that there must be no lay-offs following any merger and acquisition.”
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