The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Household Equipment In Specialised Stores 47.59 - Retail Sale Of Furniture, Lighting Equipment And Other Household Articles In Specialised Stores
1,500 jobs Number of planned job creations
Announcement Date
25 February 2024
Employment effect (start)
25 April 2024
Foreseen end date
1 January 2025
Description
Ikea, the Swedish multinational furniture and decoration retailer, has presented a business expansion plan for 2024 that will create 1,500 new jobs in Spain by 2025. For this purpose, Ikea is planning to invest around 300 million Euro in Spain, with the inauguration of 11 new selling points and 26 new delivery points located throughout the Spanish territory. The idea behind this plan is to ensure that any Spanish citizen may reach an Ikea contact point before 15 minutes-distance (either by foot, public transport or private car). Ikea reached last year a positive net profit in Spain of 148 million Euros, approximately a 68% more than previous year.
Previous factsheets on Ikea's operations in Spain have been recorded in the ERM database in 2020 Ikea-2020-ES and 2022 Ikea-2022-ES, with announced business expansion of 750 and 1,500 new jobs created, respectively.
Eurofound (2024), Ikea Ibérica, Business expansion in Spain, factsheet number 200844, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200844.
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