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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 […]
by Daphne Rousseau with Tom Barfield in Frankfurt Agence France Presse BERLIN, Germany — Industrial conglomerate Siemens on Thursday announced thousands of job cuts worldwide, most of them in its fossil fuels division, with unions and politicians in its home country Germany particularly outspoken against the plans. A total of 6,900 workers are set to lose their jobs, around half of them in Germany, where Siemens also plans to close sites in the country’s economically […]
