Internal restructuring
Location of affected unit(s)
Retail Trade, Except Of Motor Vehicles And Motorcycles
Retail Sale Of Other Goods In Specialised Stores
47.71 - Retail sale of clothing in specialised stores

349 jobs
Number of planned job losses
Job loss
Announcement Date
21 May 2021
Employment effect (start)
Foreseen end date


H&M, the Swedish multinational clothing retailer, announced an employment adjustment plan that would initially affect 1066 workers in Spain by closing 30 shops. After a month of negotiations, protests and strikes, the company and the unions have reached a pre-agreement to reduce the number of people affected to 349 (almost 70% less). The agreement establishes that the dismissals will be voluntary and a compensation of 45 days per year worked for those with a contract prior to 2012 (when the labour reform came into force), and 33 days for employees with contracts after 2012. The pre-agreement also establishes a reduction in working hours (not exceeding 20%) for 170 employees for 24 months. The trade unions CCOO and UGT value positively the pre-agreement reached, which improves the conditions of dismissal and reduces the number of people affected.



Eurofound (2021), H&M, Internal restructuring in Spain, factsheet number 104963, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104963.