Frasers Group Boss Urges Unite the Union to Reconsider Strike Plans Amid Retail Crisis
Frasers Group chairperson Michael Murray has reached out to Unite the Union, appealing for a rethink on planned industrial strikes after September. The plea comes amidst escalating pressures in the retail sector, with the industry bracing for significant job losses and store closures this year.
Murray's call follows Frasers Group's commitment to its workers, having delivered substantial pay increases for warehouse staff despite mounting pressures. The company, which paid £530m in taxes last year, has chosen to invest back into the business as part of its 'elevation strategy', forgoing dividends to shareholders.
The retail sector, grappling with the government's increase in employer national insurance contributions, is projected to lose over 200,000 jobs and 17,000 stores this year. Murray has warned that strike action would be 'reckless and irresponsible' given these challenging circumstances.
Frasers Group, having demonstrated its commitment to workers through pay increases and strategic investment, urges Unite the Union to reconsider strike plans. The retail industry, battered by rising pressures and government policy changes, faces a grim outlook with substantial job losses and store closures anticipated.
