Swedish fashion retailer H&M announced on Friday a plan to close down more than a quarter of its stores and lay off as many as 588 workers in Spain, home of its rival, Zara owner Inditex country's CCOO union said in a statement. None of their stores in Mallorca will be affected.
H&M to shut a quarter of Spanish stores, lay off 588 workers
The company has 91 stores and employs 4,000 people in Spain
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