×
2 513
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots-Liverpool Street, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots-Handforth Dean, Wilmslow - 15 Hours / Week - Part Time, Permanent
Permanent · Wilmslow
ESTÉE LAUDER
Clinique - Consultant - Bentalls, Kingston- 21.5 Hours / 3 Days / Week - Part Time, Permanent
Permanent · Kingston upon Thames
ESTÉE LAUDER
la Mer - Business Manager - Flannels, Meadowhall - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - Boots - Cribbs Causeway, Bristol - 17.5 Hours / 3 Days - Part Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots, Warrington - 17 Hours - Part Time, Permanent
Permanent · Warrington
ESTÉE LAUDER
The Estée Lauder Companies - IT Service Desk Manager UK
Permanent · Fareham
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part Time, Permanent
Permanent · Bishop's Stortford
JOHN LEWIS
Contract Sales Manager
Permanent · DARWEN
PUMA
Cobra Puma Golf - Sales Support Coordinator
Permanent · Castleford
JOHN LEWIS
Loss Prevention Partner
Permanent · LEICESTER
HEAD OFFICE
Team Manager/Chef Victoria Head Office
Permanent · LONDON
VF INTERNATIONAL
Account Coordinator - Italian Speaking - Vans
Permanent · NOTTINGHAM
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
DR. MARTENS
Finance Analyst
Permanent · LONDON
MULBERRY
Lifetime Service Centre, Raw Materials Stock Coordinator
Permanent · CHILCOMPTON
AUTUMNPAPER LIMITED
Alexander Mcqueen Vip Officer
Permanent · LONDON
AUTUMNPAPER LIMITED
Alexander Mcqueen Decision Intelligence Manager
Permanent · LONDON
ON RUNNING
Technical Representative
Permanent · LONDON
DEBENHAMS
Business Development Manager
Permanent · LONDON
Ads
By
Reuters
Published
Jul 7, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

KKR-owned Dutch retailer V&D asks for pay freeze

By
Reuters
Published
Jul 7, 2009

AMSTERDAM, July 6 (Reuters) - V&D, a Dutch department store chain partly owned by private equity firm Kohlberg Kravis Roberts & Co [KKR.UL] (KKR.AS), has asked staff to delay a pay rise to save jobs in the recession.


Swimwear at Vroom & Dreesman - Photo: www.vd.nl

V&D, part of Dutch retail group Maxeda, asked staff to delay a 3.3 percent wage increase until Feb. 1 to limit the number of jobs axed in a planned cost-cutting programme, a spokeswoman said on Monday 6 July.

The wage increase, planned to start on July 1, could affect about 500 jobs but if staff collectively decide to postpone the rise until next year, job cuts could be reduced to about 60 positions, and forced lay-offs could be prevented, she said.

Staff at British Airways (BAY.L) last month agreed to take a pay cut, while British telecoms company BT Group (BT.L) and Spanish Bank BBVA (BBVA.MC) have also asked staff to work for other companies or take unpaid leave as they try to avoid redundancies.

Maxeda was bought by KKR and private equity funds Permira [PERM.UL], Cinven [CINV.UL] and AlpInvest Partners in 2004 for 2.4 billion euros ($3.4 billion). Dutch union FNV, which has refused a collective deal to freeze wages, said cost savings should not come from employees because Maxeda had already sold its property, FNV's Henk van der Ploeg said in a statement.

"Big sums were involved in this deal. Why give presents to a company which is taking away capital?" Van der Ploeg said.

(Reporting by Gilbert Kreijger; Editing by Dan Lalor)

($1 = 0.7154 euro)

© Thomson Reuters 2022 All rights reserved.