On October 2 employees of the Greek clothing company Sprider participated in sit-ins at two company outlets in Patras, following the closure of the company’s stores around Greece the previous day, which has resulted in 800 people being laid off.
Local media reported staff members and union representatives said they remained outside both stores in their attempt to stop the removal of merchandise from the stores. They also demanded their unpaid salaries and for the stores to open again.
The company announced on Sept. 30, that it will shut down its stores on Tuesday, Oct 1. According to its announcement, the company said that the main reason that led to the closure of its stores around Greece was the banks’ intransigence and their refusal to continue funding the company.
Sprider Stores was founded in 1971 by Athanasios and Spyros Argyros, while in 1999 Xatziioannou Group bought 80 percent of the company.
On Monday the company’s management announced that it was planning to sell its stocks to make sure the fired staff received full compensation.