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Stockholm, Sweden | AFP | Swedish furniture giant Ikea posted a six percent rise in full-year sales on Thursday, in what it described as a “challenging” year due to inflation and scaling back in Russia. Following Russia’s invasion of Ukraine, Ikea closed its 17 shops and halted production in the country, where it was one of the largest Western employers before the war with 15,000 employees. According to Dutch holding company Inter Ikea’s CEO […]
STOCKHOLM, Sweden (AFP) — Swedish furniture giant Ikea said Wednesday it plans to cut 7,500 jobs worldwide by 2020, mainly office jobs, as it reorganizes to focus its business on e-commerce and smaller shops in city centers. The job cuts affect almost five percent of staff at Ingka Holding, Ikea’s parent group. Ikea is its biggest brand with 367 stores in 30 countries and 160,000 employees. The decision to cut jobs was “based on how […]
