Asda Faces Another Strike as Sales Plummet
- GMB members at Asda’s Skelton superstore vote for strike action
- 88% of GMB members support strike action
- Formal ballot opens today and closes on September 9th
- Asda sales drop by 6% in the past 12 weeks
- Market share falls from 13.7% to 12.6% in a year
Asda is facing more industrial action as GMB members at its Skelton superstore in Saltburn-by-the-Sea backed strike action in an indicative ballot. 88% of GMB members in Skelton voted, with 86% supporting strike action. A formal strike ballot will now open today (15 August) and close on 9 September. The union said that any industrial action would take place later in September. Asda sales plunged 6% in the 12 weeks to 4 August, with its market share falling from 13.7% to 12.6% over the past year. This is understood to be the sixth consultative ballot carried out across Asda stores in recent months.
Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Asda facing potential industrial action at one of its stores due to ongoing disputes over pay and working conditions, as well as a decline in sales. It also mentions the GMB’s equal pay claim against Asda going to court. The article is relevant, concise, and does not include any misleading information or personal opinions presented as facts.
Noise Level: 3
Noise Justification: The article provides relevant information about Asda facing potential industrial action and a decline in sales, but it lacks in-depth analysis or exploration of long-term trends or consequences. It also does not offer much insight into the broader implications for the retail industry or provide actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Asda’s sales and market share are impacted by the industrial action and strike threats
Financial Rating Justification: The article discusses Asda’s declining sales and market share due to ongoing industrial actions and strikes, which can affect the company’s financial performance and stock value.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text, but the article discusses industrial action and a decline in Asda’s sales. The impact of this situation is considered minor as it does not involve any major disruptions or catastrophic events.
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