Swatch Employees in Turkey Conclude Strike Following Union-Negotiated Salary Agreement

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 26 2025

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Source: Reuters

Strike Conclusion: Workers at 16 Swatch stores in Turkey ended a two-week strike after achieving significant pay increases and improved working conditions, as reported by the local union Koop-Is.
Inflation Impact: The strike was driven by high inflation in Turkey, which saw prices rise by 33% over the year, leading workers to seek better compensation than the initial offers from Swatch.
Negotiation Outcome: The agreement reached with Swatch is expected to set a precedent for thousands of retail workers in Turkey, addressing ongoing issues of long hours and low pay in shopping malls.
Union Solidarity: Koop-Is Chairman Eyup Alemdar emphasized the unity of the workers during the struggle, highlighting their collective effort in securing the benefits they deserved.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.