SBM reach VAT agreement

SBM and hotel workers' representatives have reached an agreement over restaurant VAT reduction.

In a press release, SBM stated that an agreement is being proposed to unions in the coming days. It will endorse the redistribution of part of the increase in sales generated since the change in VAT rates. A disagreement with management over the increase led some employees of the Monaco company to go on strike [1] at Easter.

Official press release from SBM : compromise reached on VAT reduction [2]