Puig Brands, S.a. Class BBME: PUIG

Puig workers' union calls 24-hour strike at Barcelona-area plant over pay disparities

· Issued by Puig Brands, S.a. Class B

Workers at Puig's BME:PUIG Vacarisses cosmetics factory near Barcelona will hold a 24-hour strike on May 20 over pay disparities between employee groups, trade union CGT said on Monday.

Puig is in talks with U.S. cosmetics group Estee Lauder NYSE:EL over a potential merger that could create one of the world's largest beauty companies.

  • CGT said the dispute relates to differences in economic compensation between groups within the same company and accused Puig of failing to address the issue.

  • Puig declined to comment on the planned stoppage.

  • The strike will affect all three shifts at the factory, CGT said.

  • The union also plans to stage protests outside Puig's corporate headquarters in L'Hospitalet de Llobregat, near Barcelona.

  • Workers could consider further measures if the company does not present sufficient proposals, CGT added.

  • The Vacarisses plant produces cosmetics and skincare products for brands including Isdin, Charlotte Tilbury, Byredo, Loto del Sur, Dries Van Noten, L'Artisan and Uriage.

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