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.
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.”