TOYS "R' US, RETAIL UNION REACH DEAL IN SWEDEN

TOYS "R' US, RETAIL UNION REACH DEAL IN SWEDEN

Toys "R" Us and the Swedish retail union have settled their 13-week labor conflict, company and union representatives said Wednesday.

''I am delighted to announce that today Toys 'R' Us signed an agreement with the . . . trade union. The agreement is found to be acceptable to both parties," company Vice President Richard Cudrin told a news conference.The agreement between the world's largest toy retailer and the union is based on the union's standard collective agreement, the main bone of contention throughout the dispute that has hit the company's outlets in the Swedish cities of Gothenburg, Malmo and Stockholm.

Toys "R" Us refused categorically to sign the collective deal common to almost all other Swedish retail workplaces. The union responded by calling its members out on strike, supported by much of the powerful Swedish trade-union movement.

Wednesday's agreement was described as a "breakthrough" by the retail union. "The preliminary agreement relates to a normal collective agreement, just as demanded, with a few small adjustments," the union said in a statement.