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Shop workers battle boom and bust cycle in China’s retail market

01 August 2018
Cosmetics company sales staff protest wage arrears
Japanese supermarket chain leaves Qingdao market

More than 50 workers staged a collective protest at a MaxValu supermarket in Qingdao after they were called to a meeting on the morning of 20 July only to be informed that the store had closed down and they would all be laid off.

The company did at least offer laid-off staff a detailed compensation package but dozens of workers felt the offer was unsatisfactory and staged a protest, holding up banners in front of the company headquarters.

MaxValu, owned by Japanese retail giant Aeon, stated that it had been forced to close the store after suffering continuous losses following the closure of two other Qingdao stores in 2014 and 2017. Local media reported that the company has been struggling to survive in a competitive retail sector. After failing to appeal to high-end consumers, the supermarket brand then turned to the bargain end of the market, but was beaten out by local supermarket brand Liqun.

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