Unions and Making Millions
Trade unions are calling on UK shoppers to rethink where they spend their money this Christmas, after fashion giant NEXT abruptly shut down its only unionised clothes factory in Sri Lanka.
Despite soaring profits, NEXT suddenly closed the factory without consultation with trade unions, citing "increasingly high operating costs" and claiming it was "unable to make the factory economically viable."
The decision came shortly after the company reported a £1.08 billion profit and approved shareholder dividends worth up to £99 million.
The closure came only weeks after workers secured a modest pay rise – worth less than £10 a month – and improvements to grievance procedures and harassment protections following a long campaign.
Trade unions are calling on UK shoppers to rethink where they spend their money this Christmas.
Author summary: NEXT shut down its only unionised factory in Sri Lanka despite record profits.
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