H&M Sweden publishes job postings with 0 working hours deliberate amid employees restructuring

H&M Sweden restructures its workforce group and desires to cut back the working hours of a whole bunch of retailer workers. In the meantime, it additionally hires just a few of them with no minimal working hours outlined of their contracts.

H&M, the Swedish low-cost clothes big is restructuring in Sweden by decreasing employees of their shops with out terminating contracts. They reschedule workers and cut back working hours, whereas job presents are printed with no minimal working hours, relying on the necessity.

On H&M’s profession web site, greater than half of the 40 open positions in Sweden are for gross sales advisors, a place in shops to serve clients.

And at the least 4 job postings for gross sales advisors in Sweden don’t have any minimal working hours. 5 extra open positions point out the job is predicated on a versatile hourly contract with no point out, not like the opposite positions printed, of the working hours which can “depend upon want”. One other 16 job postings for gross sales advisors are on the web site, together with summer time job contracts, and all 16 are short-term contracts with working hours going from 6 hours to 30 hours every week.

H&M in October determined to reorganize its staffing construction and notified authorities and union representatives of about 400 fewer positions throughout 69 shops in Sweden. However in December Handels, the Industrial Staff’ Union of Sweden, anticipated that 1,500 individuals could possibly be affected by the restructuring.

And about 1,500 full-time workers from 69 shops throughout the nation, a couple of third of H&M’s 4,500 retailer workers in Sweden, have been proposed to cut back their hours, Aftonbladet reported just lately.

“Nearly nobody within the shops will probably be stored on full-time. Now we have examples of people that have labored 30 years within the firm and as a thanks for that, they’re now getting this type of supply. How will you reside on a contract that offers you 5 hours every week? It’s not attainable,” reacted Linda Palmetzhofer, chairman of Handels to the Swedish newspaper. Within the worst-case situation, some full-time workers acquired provided 5 hours of labor every week, in line with the union wherein about one-third of its 155,000 members are girls working part-time.

In Sweden, most employment situations are negotiated by sectors between commerce unions comparable to Handels and employers in collective agreements. There isn’t a statutory minimal wage in line with regulation, for example. And a contract with no minimal working hours is feasible in Sweden, as is within the Netherlands.

The variety of part-time employees with only some hours every week has elevated in Sweden just lately.

Within the fourth quarter of 2022, 267,000 individuals in Sweden labored quick part-time, between one and 19 hours every week. It accounts for 35,000 individuals greater than the fourth quarter of 2021, a 15 % enhance. In the meantime, the variety of employed individuals who work full time (35 hours or extra per week), who accounted for 4,032,000 individuals in Sweden, grew by 98,000 individuals, or solely by 2.5 %, in line with Statistics Sweden. The unemployment price in Sweden was 6.9 % in December 2022.

H&M desires to succeed in a double-digit working margin for 2024

Within the fiscal 12 months 2022 from November 2021 to December 2022, the H&M group’s web gross sales elevated by 12 % to 224 billion kronor (21 billion {dollars}), and 6 % in native currencies, in line with its monetary report. However web gross sales within the fourth quarter had been flat in native currencies, regardless of evaluating with a interval extra closely affected by the COVID-19 pandemic.

Working revenue decreased by 53 % for the 12 months and the 7.7 % working margin from 2021 went down to three.2 % in 2022. And the corporate desires to succeed in a double-digit working margin for the 12 months 2024.

Helena Helmersson, the chief government of H&M Group, which additionally consists of different shops like Cos and Arket, defined the fiscal 12 months 2022 was marked by detrimental exterior components comparable to the rise of delivery and provide chain prices and the Russian invasion of Ukraine.

The group determined to wind down its enterprise in Russia and Belarus, 175 shops in Russia and three in Belarus, final 12 months which price 2.6 billion Swedish crowns (245 million {dollars}). Globally, the group downsized to 4,465 shops, down 336 in contrast with the identical cut-off date final 12 months. In 2023, the H&M group expects to shut 100 shops globally.

The fourth quarter outcomes additionally included a one-time price of 836 million crowns (79 million {dollars}) for a “price and effectivity program” with out detailing the plan additional. Nonetheless, it was anticipated to supply annual financial savings of two billion crowns (189 million {dollars}) beginning in 2023.

Furthermore, the monetary report relating to group workers additionally talked about that “transformation work is below approach throughout the H&M group” so as to “meet the elevated digitalization in society, with new buyer behaviors and a modified aggressive scenario.”

As of November 2022, the typical variety of workers within the group transformed into full-time positions was 106,522, of which 10,447 had been employed in Sweden.

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