Swatch Employees in Turkey Prepare to Strike Over Wage Dispute

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 07 2025

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Source: Reuters

Strike Announcement: Workers at 16 Swatch Group stores in Turkey are set to strike due to disputes over pay and workers' rights, with about 150 employees participating in the action.
Union Demands: The local union, Koop-Is, is seeking better pay in response to high inflation, as the offered pay rises of 25% for shop workers and 5-15% for office staff were deemed insufficient.
Company Response: Swatch Group has criticized the union's demands as "unrealistically high" and "totally exaggerated," indicating a significant gap between the two parties.
Broader Context: The strike is supported by UNI Global Union, which is advocating for fair agreements, disciplinary boards to prevent unjust dismissals, and equal access to bonuses and benefits for all employees.

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.