TOKYO -Workers at a major Tokyo department store went onstrikeon Thursday after talks with management over the planned sale of their company broke down, marking the first major walk-out the country has seen in decades.
Some 900 workers at the flagship Seibu store in the bustling district of Ikebukuro are protesting the sale of Sogo & Seibu, a unit ofJapanese retail giant Seven & i, to U.S. fund Fortress Investment Group.
They are seeking job and business continuity guarantees, unhappy with reported plans for discount electronics retailer Yodobashi Holdings to take over roughly half of the store.
Critics, who include officials in Ikebukuro, argue that such a change wo…
Keep on reading: Workers stage Japan’s first strike in decades over department store sale
