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Industria de Diseño Textil, S.A. (IDEXF)

Other OTC - Other OTC Delayed Price. Currency in USD
26.69+0.17 (+0.63%)
At close: 03:46PM EST
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  • Reuters

    Zara workers in Spain start protests to demand higher pay

    Dozens of Zara shop assistants protested in Madrid on Thursday outside the global fashion giant's largest store to demand higher pay, and some workers in its home town in northwest Spain went on strike on the eve of its Black Friday sales campaign. Zara owner Inditex agreed last week to pay a one-off bonus of 1,000 euros ($1,041) to all full-time shop workers in Spain in February, according to unions that are seeking better wages for their members in the face of galloping inflation. Inditex has also offered to gradually raise monthly wages by around 200 euros by 2024, a proposal accepted by two of Spain's largest union groups, UGT and Comisiones Obreras, but rejected by the protesters who are demanding at least double that.

  • Reuters

    Zara union calls Black Friday strike in fashion group's home town

    A union group representing shop assistants at fashion retailer Zara has called a two-day strike over pay next week in the 44 stores in the company's home town of A Coruna in northern Spain, a union leader said on Thursday. The strike, called by regional union group CIG, will take place during the "Black Friday" sales on Nov. 24 and Nov. 25, CIG union leader and Zara retail assistant Carmiña Naveiro said. CIG represents most of the 1,000 shop assistants who work for Zara in A Coruna.

  • Reuters

    Spanish shopworkers' unions to discuss wages with Zara bosses

    Trade unions representing about 1,000 Zara shop assistants in the Spanish apparel maker's hometown of A Coruña will meet with the company on Thursday to negotiate a pay rise, a union leader said. CIG, one of the unions representing shop assistants in the northwestern city, is threatening to strike on Nov. 24 and Nov. 25 - during the Black Friday period - unless the company meets its demands for a pay rise of 500 euros ($519) a month, union leader Carmiña Naveiro told Reuters. Zara owner Inditex has so far offered a rise of 183 euros per month, staggered over three years, on salaries that range between 1,058 euros and 1,400 euros a month, Naveiro said.

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