Dream - Swedish fashion brand, H&M, announced plans to close more than a fifth of its stores and lay off 588 employees in Spain. Labor unions CCOO and UGT stated in a statement that the company will carry out layoffs due to undisclosed organizational, productive, and economic reasons.

In November 2022, H&M announced a global plan to cut 1,500 jobs to reduce costs. In Spain, they have already reduced 400 people in 2021. "We believe that this step is too aggressive and it is still possible to find solutions that do not imply job losses," said the workers' union.

Negotiations with the workers' union in Spain will begin in September. H&M stated that they have informed the workers' union and will collaborate with them. Angeles Rodriguez, a CCOO leader, said that the workers' unions were surprised by the layoff announcement.

"The company has never shown any strange behavior and adheres to the agreed salary increase last year," he said. "H&M provided a significant salary increase last year after workers protested and went on strike."