Employees participate in Sprider store sit-ins in Patra

Employees at Greek casual-wear retailer Sprider on Wednesday took part in sit-ins at two company outlets located in Patra, in western Greece. The move came after the closure of the company’s entire store network on Tuesday which led to the dismissal of 800 people.

According to local media reports members of staff and union representatives remained outside both stores in an effort to prevent the removal of any merchandise from the outlets. They were also demanding unpaid wages and for the stores to resume operations.

Sprider, which is listed on the Athens Stock Exchange, filed for protection from its creditors under Article 99 of the Bankruptcy Code in January.

On Monday the company’s management said that it was planning to sell off its sizable assets in order to ensure that dismissed staff receive full compensation as well as settle the company’s debts.