Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

GMB CONDEMNS ASOS FOR ‘COINING IT IN’ AS INCREASE IN PROFITS COMES AMID EXPLOITATION CLAIMS

GMB CONDEMNS ASOS FOR 'COINING IT IN' AS INCREASE IN PROFITS COMES AMID EXPLOITATION CLAIMS

Fast-fashion retailer shows a 37% increase in profits as campaigners continue to call for the company to respect it’s workers

GMB, the union for ASOS workers, has called for the online fast-fashion retailer to respect its work force and employ some basic fairness in the workplace, as the company prepares to unveil its full-year results tomorrow (Tuesday 18 October).

Analysts at Shore Capital have predicted that before tax profits will increase from £46.1m to £63.1m, a jump of 37 per cent [1].

GMB and workers’ at ASOS’s Barnsley distribution centre have been running a campaign at the warehouse – the site of the old Grimethorpe colliery – since August 2015.

Recent investigations by Buzzfeed and the BBC have detailed serious concerns about conditions and working practices at the company’s warehouse [2][3]. The concerns were echoed by Iain Wright MP who – as Chair of the Business, Innovation and Skills select committee led the inquiry into conditions at Sports Direct – has pledged to investigate.

The union is coupling work on the ground with a digital campaign calling on ASOS management to commit to treating workers with respect [4].

Neil Derrick, GMB Regional Secretary, said:

“We’re seeing a familiar story play out – massive profits for those at the top, made on the back of poor pay, terms and conditions for those making ‘fast fashion’ a reality.”

“ASOS are quite literally coining it in while agency workers worry whether they’ll get enough hours next week to pay the bills. We’re simply asking ASOS to treat the people who keep their warehouses moving with a bit of respect – that can’t be too much to ask in the 21st century.

“If ASOS bosses are serious about providing fashion with integrity – which is one of their slogans – then they can make sure their working conditions are fair, that wages and contracts mean people can live a decent life and that no one is subject to oppressive security and surveillance measures just for doing their jobs.”

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post